SANCTIONS: BP UNAFFECTED
Sanctions imposed on the chief executive of Rosneft (ROSN.MM) over the Ukraine crisis have not impacted BP's (BP.L) business with the Russian oil producer, Interfax news agency quoted BP chief executive Bob Dudley as saying on Saturday.
Reiterating that BP stands by its Russian investments, Dudley said the sanctions related to Rosneft CEO Igor Sechin's private matters.
"I am able to meet with him to solve issues related to the Rosneft oil company," Dudley was quoted as saying in a Russian-language report by Interfax. But he added: "It does not affect our cooperation with the company itself."
BP holds a 19.75 percent stake in Rosneft.
|March, 16, 10:40:00|
|March, 16, 10:35:00|
|March, 16, 10:30:00|
|March, 16, 10:25:00|
|March, 16, 10:20:00|
|March, 16, 10:15:00|
BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.