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Europe Distillates-Diesel refining margins inch higher after ARA stock drop

Europe Distillates-Diesel refining margins inch higher after ARA stock drop LONDON, July 11 (Reuters) - Northwest European diesel barge refining margins rose slightly on Thursday to $19.51 a barrel after data showed a 1.2% drop in regional stocks over the past week. Four diesel barges traded in the Platts window, compared with seven in the previous session.
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Europe Distillates-Diesel refining margins steady after large US stocks build

Europe Distillates-Diesel refining margins steady after large US stocks build LONDON, July 10 (Reuters) - Northwest European diesel barge refining margins were little changed on Wednesday at $19.30 a barrel after data showed a large build in U.S. inventories last week. Seven diesel barges traded in the Platts window, up from six in the previous session.
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Share of Russian aluminium in LME warehouses rises to 50% in June

UPDATE 2-Share of Russian aluminium in LME warehouses rises to 50% in June Load-out queue at an aluminium warehouse jumps to 8 months Chinese metal now accounts for 28% of LME nickel stocks Share of Chinese metal in LME copper stocks rises to 45% Adds details about aluminium load-out queue, rising share of Chinese nickel and copper stocks in paragraphs 5-10 LONDON, July 10 (Reuters) - The share of available aluminium stocks of Russian origin in London Metal Exchange-approved warehouses rose to 5
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Berenberg sees lower Q2 earnings, FCF decline for oil & gas firms

BUZZ-Berenberg sees lower Q2 earnings, FCF decline for oil & gas firms ** Berenberg sees weaker downstream and gas trading likely to weigh on oil & gas companies' Q2 earnings and the recovering capex to adversely affect free cash flow (FCF) ** It sees lower production due to seasonal maintenance, smaller liquefied natural gas (LNG) and European gas
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Austria appoints commission to try to ditch Russian gas contract

Austria appoints commission to try to ditch Russian gas contract VIENNA, July 9 (Reuters) - Austria's energy minister has appointed a commission of experts to examine whether Austria can scrap a gas-supply contract between OMV and Gazprom to reduce its dependence on Russia, she said on Tuesday. Leonore Gewessler of the Greens, which is the junior partner in a conservative-led coalition, said in February she wanted to end the contract that runs until 2040. Chancellor Karl Nehammer's conservatives
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OMV slips as it flags Q2 hit from changed laws in Eastern Europe

BUZZ-OMV slips as it flags Q2 hit from changed laws in Eastern Europe ** Shares in Austrian oil and gas group OMV OMVV.VI fall 3.4% after it gave a mixed Q2 trading update , warning of earnings hits in its chemicals and energy businesses ** Changes in legislation in Eastern Europe and a planned outage of the Brazi power plant in Romania will impact
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OMV flags Q2 earnings hit from legislative changes, inventory losses

UPDATE 2-OMV flags Q2 earnings hit from legislative changes, inventory losses Recasts with expected Q2 earnings hit, adds analyst comment in paragraph 5 and shares in paragraph 6 By Tristan Veyet and Isabel Demetz July 9 (Reuters) - Austrian oil and gas group OMV OMVV.VI said on Tuesday that legislative changes in Eastern Europe would hit second-quarter earnings in its energy business, while its chemicals arm was weighed down by negative inventory effects.
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Austria's OMV records higher energy prices in Q2

Austria's OMV records higher energy prices in Q2 July 9 (Reuters) - Austrian oil and gas group OMV OMVV.VI said on Tuesday its average realised prices for energy increased in the April-June period, boosted by the average price of crude oil that rose 2.5% compared to the prior quarter. Average realised price for natural gas meanwhile rose 5.9% to 23.2 euros per MWh, it said.
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OMV Q2 Average Realized Crude Oil Price In Usd/Bbl At 81.5

BRIEF-OMV Q2 Average Realized Crude Oil Price In Usd/Bbl At 81.5 July 9 (Reuters) - OMV AG OMVV.VI : Q2 OMV REFINING INDICATOR MARGIN EUROPE IN USD/BBL AT 7.00 Q2 OMV ETHYLENE INDICATOR MARGIN EUROPE IN EUR/T AT 512 TOTAL HYDROCARBON PRODUCTION IN KBOE/D AT 338 Q2 OMV PROPYLENE INDICATOR MARGIN EUROPE IN EUR/T AT 397 Q2 TOTAL HYDROCARBON SALES VOLU
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Austrian gas supply safe even if Russia turns off taps, study says

Austrian gas supply safe even if Russia turns off taps, study says VIENNA, June 28 (Reuters) - Austria's natural-gas supply is safe despite a heavy reliance on Russian imports since Vienna can fall back on other sources and large reserves even if Moscow turns off the taps next month, according to a government-commissioned study published on Friday.
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Air France-KLM, Shell, Watches of Switzerland

EUROPE RESEARCH ROUNDUP-Air France-KLM, Shell, Watches of Switzerland June 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air France-KLM, Shell and Watches of Switzerland, on Friday. HIGHLIGHTS * Air France-KLM AIRF.PA : Barclays cuts to equal-weight from overweight * BP BP.L : Jefferies raises target price to 590p from 580p * Liontrust Asset Management Plc LIO.L : Peel Hunt cuts to hold from buy * Shell Plc SHEL.L : Jefferies
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Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say

EXCLUSIVE-Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say Adds comment from OMV and Austrian government in pars 7-9 By Julia Payne and Marek Strzelecki WARSAW, June 27 (Reuters) - Poland's biggest energy company Orlen PKN.WA warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom GAZP.MM , sources familiar with the matter said.
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Reinhard Florey Reappointed As OMV CFO Until June 30, 2027

BRIEF-Reinhard Florey Reappointed As OMV CFO Until June 30, 2027 June 27 (Reuters) - OMV AG OMVV.VI : REINHARD FLOREY REAPPOINTED AS OMV CFO UNTIL JUNE 30, 2027 Further company coverage: OMVV.VI (Gdansk Newsroom)
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Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say

EXCLUSIVE-Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say Adds Orlen comment By Julia Payne and Marek Strzelecki WARSAW, June 27 (Reuters) - Poland's biggest energy company Orlen PKN.WA warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom GAZP.MM , sources familiar with the matter said.
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Poland's Orlen warned three gas companies it could seize Gazprom payments - sources

EXCLUSIVE-Poland's Orlen warned three gas companies it could seize Gazprom payments - sources By Julia Payne and Marek Strzelecki WARSAW, June 27 (Reuters) - Poland's biggest energy company Orlen PKN.WA warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom GAZP.MM , sources familiar with the matter said.
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Slovakia's SPP sees no threat to its Russian gas imports

UPDATE 1-Slovakia's SPP sees no threat to its Russian gas imports Adds details, company comments and background in paragraphs 2, 4-10 June 26 (Reuters) - Slovakia's SPP said on Wednesday that a recent legal change protects it from any potential seizure of its Russian gas imports or related claims , the company said on Wednesday. The statement addresses uncertainty over gas supplies from Russia, after Austria's OMV OMVV.VI warned last month of the suspension of supplies from Russia's Gazprom GAZP
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ADNOC's deals with European companies

FACTBOX-ADNOC's deals with European companies June 24 (Reuters) - State-owned Abu Dhabi National Oil Co, or ADNOC, has been pursuing a series of merger and acquisition deals with European companies, with an aim to diversify and develop its chemicals and renewable energy operations. Here are the deals and talks ADNOC is involved in: COVESTRO 1COV.DE German chemicals firm Covestro said on Monday it had given ADNOC access to its books and was stepping up talks based on an improved 11.7 billion euro
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Covestro opens door to ADNOC deal after it raises bid to $12.5 bln

UPDATE 4-Covestro opens door to ADNOC deal after it raises bid to $12.5 bln Covestro believes two sides can reach understanding ADNOC has increased offer to 62 euros/share Covestro shares jump 6% Adds investor comment in paragraphs 7, 8, updates shares By Ludwig Burger, Emma-Victoria Farr and Patricia Weiss FRANKFURT, June 24 (Reuters) - Germany's Covestro 1COV.DE said on Monday it was stepping up talks with ADNOC ADNOC.UL after the Emirati energy company made an improved 11.7 billion euro ($12.
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Prices firm as Russian supply cut threat limits downside

EUROPE GAS-Prices firm as Russian supply cut threat limits downside June 20 (Reuters) - Dutch and British wholesale gas prices were slightly higher on Thursday morning on concerns aboutrema ining Russian gas flows to Europe, but amid largely balanced stable supply and demand. The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was up 0.30 euro at 35.60 euros per megawatt hour (MWh), or $11.18/mmbtu, by 0849 GMT, LSEG data showed.
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Gazprom fights 17 bln euros of legal claims from European companies

FACTBOX-Gazprom fights 17 bln euros of legal claims from European companies MOSCOW, June 19 (Reuters) - Russian energy giant Gazprom GAZP.MM is fighting numerous legal cases, with combined claims of at least 17 billion euros ($18.44 billion) from European companies, according to Reuters calculations. Gazprom has launched counter proceedings at Russia's St Petersburg and Leningrad Region Arbitration Court, threatening the European counterparties with fines if they continue litigation outside Russ
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