Lukoil

Boehly group plans securities swap for Lukoil assets

A consortium led by US billionaire Todd Boehly is preparing a cashless securities swap to buy the international assets of sanctioned Russian oil company Lukoil PJSC Lukoil, and a deal is expected within weeks, Reuters reported on November 3, citing…

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Carlyle’s $22B Lukoil deal idles European refineries after 10-month US approval delay

Carlyle Group's The Carlyle Group Inc. proposed acquisition of Lukoil's overseas oil business has been stuck in the US government approval process for nearly 10 months, leaving roughly 400,000 barrels a day of European refining capacity underutilised while global fuel…

Oil prices climb as White House rules out Iran talks

Crude oil prices rebounded on Thursday, August 27, after the White House confirmed that no negotiations are taking place with Iran, reversing several sessions of losses driven by hopes of a diplomatic breakthrough that could restore normal shipping through the…

European diesel margins hit record as refinery attacks mount

A sustained campaign of Ukrainian drone strikes on Russian oil refineries, combined with militant attacks on Gulf refining infrastructure, has driven European fuel refining margins to all-time highs, sending ripple effects through the global economy as consumers and industries face…