|Bid||0.00 x 10000|
|Ask||0.00 x 29000|
|Day's Range||3,773.50 - 3,874.50|
|52 Week Range||2,601.00 - 3,985.00|
|PE Ratio (TTM)||2,205.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||75.97|
Oct.10 -- Vagit Alekperov, chief executive officer at Lukoil, Russia's second largest oil company, discusses the OPEC-Russia oil deal and his successor at Lukoil OAO. He spoke exclusively with Bloomberg's Annmarie Hordern to mark the 15th anniversary of the company's London listing.
Oil trading giants including Glencore Ltd. and Vitol SA paid millions of dollars to a former PDVSA trader to get the inside track on Venezuelan oil deals, according to a lawsuit filed by a trust for Petróleos ...
CARACAS, Venezuela (AP) — A trust linked to Venezuela's state oil company PDVSA has filed a lawsuit against major international energy trading firms for their alleged role funneling bribes to corrupt company officials in exchange for rigged oil purchase contracts.
CARACAS, Venezuela (AP) — A trust linked to Venezuelan state oil company PDVSA has filed a lawsuit against Glencore, Lukoil and other energy trading firms for their alleged role funneling bribes to corrupt company officials in exchange for rigged oil purchase and sale contracts.
Vagit Alekperov, the head of Russia's No.2 oil producer Lukoil (LKOH.MM), said on Thursday the banks had become more demanding when dealing with his company after Washington published a so-called "oligarch list". The U.S. Treasury Department last month released a list of wealthy Russian businessmen it said were close to the Kremlin that included Alekperov. The list, drawn up as part of a sanctions package signed into law in August last year, does not mean that those included will be subject to sanctions, but casts a shadow of sanctions risk over a wide circle of wealthy Russians, including many outside President Vladimir Putin's immediate circle.
Russian companies may start experiencing problems in their dealings with banks as a result of the U.S. government's so-called "oligarch list," several businessmen named in the list said on Friday. In late January, dozens of Russian billionaires were included in a list drafted by the U.S. Treasury Department, in line with a sanctions package signed into law last year, but the list did not imply the people named were, or would be in the future, subject to any restrictions. "Compliance of all banks, of European banks in particular, will be more cautious, more nit-picking, of course," said Vladimir Yevtushenkov, a controlling shareholder of Russian business conglomerate Sistema.
MOSCOW (Reuters) - Russia's oil industry will continue to monitor implementation of a global deal on cutting oil production, and Energy Minister Alexander Novak will take a final decision independently, ...
A list of wealthy Russians close to the Kremlin published by the United States on Tuesday included some businessmen who have distanced themselves from the Kremlin or even fallen foul of Russia's ruling elite. The U.S. Treasury Department named 210 people, including 96 "oligarchs" with wealth of $1 billion or more, on a list of people deemed to be close to the Kremlin as part of a sanctions package signed into law in August last year. President Vladimir Putin called the list an "unfriendly act" that would further complicate relations between Moscow and Washington.
Russia's elite on Tuesday shrugged off U.S. publication of a sweeping list of oligarchs close to the Kremlin as simply a "telephone directory" of the rich, though a Kremlin spokesman said it could even harm the image of Russia's political leaders. The U.S. Treasury Department named top businessmen including the heads of the two of Russia's biggest banks, metals magnates and the boss of the state gas monopoly on a list of oligarchs close to Russian power.
Ministers from leading OPEC and non-OPEC producers will discuss the possibility of a smooth exit from a global deal to cut oil output next week, Russia's energy minister said on Friday. Russia and Saudi Arabia are leading a joint OPEC and non-OPEC effort to limit production to prop up prices. Russian Energy Minister Alexander Novak said the current oil price level was short term and he would discuss the situation at a ministerial monitoring committee meeting in Oman, which is scheduled for Jan. 21 next week.
Russia's Gazprom Neft has been forced to revise downwards its output plateau at the Badra oil field in Iraq, which has proven to be more geologically complex than previously thought, a company executive told Reuters. Production at Badra started in 2014. Initially, an international consortium which includes Gazprom Neft, South Korea's Korea Gas Corp (KOGAS), Malaysia's Petronas, Iraq's OEC and Turkey's TPAO, planned to reach peak production of 170,000 bpd.
(Adds context) BAGHDAD, Jan 10 (Reuters) - Iraq will ask foreign oil companies operating in the country to build housing for Iraqis employed on their projects, the oil ministry in Baghdad said in a statement ...
Vagit Alekperov, the long serving chief executive and top shareholder of Lukoil, told Reuters he expected global oil demand to rise by 1.8 million barrels per day next year. In addition to that, the supply of crude from producers who are not participating in production cuts is estimated to rise by 0.8 million bpd next year, he said. "We still have plenty of excessive stocks globally so collective actions by OPEC and non-OPEC will allow them to be brought down," Alekperov said on the sidelines of the OPEC and non-OPEC meeting in Vienna.
Kazakhstan hopes to settle a dispute with global energy companies developing the Karachaganak gas condensate field in the coming weeks, Energy Minister Kanat Bozumbayev told reporters on Monday. "I hope that before the end of this year we and the (Karachaganak) shareholders... will invite you to a table where we will sign something," Bozumbayev said, adding that progress had been made in the talks "in Kazakhstan's favour". Kazakhstan filed a $1.6 billion claim against foreign firms developing the Karachaganak gas condensate field in 2015, one of the companies has said.
Sudan has held talks with Russian oil firm Lukoil and other companies from the United States and Canada on the development of its oil industry after the lifting of U.S. sanctions.
Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America which is struggling to meet demand since Hurricane Harvey disrupted shipments from the U.S. Gulf Coast last month. Latin America had been scrambling for almost two weeks to find oil cargoes because of Harvey, which caused massive flooding in Texas and Louisiana, shutting down ports, refineries and production platforms. Irma, which is being followed by two hurricanes in the Atlantic and Gulf of Mexico, was affecting Caribbean refineries, terminals and storage facilities.
Iraq's state-oil marketer SOMO and the trading arm of Russia's Lukoil agree to form a joint crude marketing venture, the Iraqi Oil Ministry website reports.