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Business News > Mint Authors > Julia Payne

Julia Payne

ARTICLES BY JULIA PAYNE

The goal of the price cap is to deprive Russian President Vladimir Putin of revenue to fund the military offensive in Ukraine (AFP)

Proposed G7 oil price cap to have little immediate impact on Russian revenue

2 min read . 24 Nov 2022

US WTI April crude futures were up $3.08, or 3.22%, at $98.80. The contract touched a high of $99.10 a barrel the previous day, ending up more than 4% (Photo: Reuters)

Oil prices jump as Ukraine conflict stokes supply concerns

2 min read . 01 Mar 2022

Brent crude was up 43 cents, or 0.5%, at $89.59 a barrel by 1446 GMT. U.S. West Texas Intermediate crude rose 47 cents, also up 0.5%, to $88.67 (Photo: Bloomberg)

Oil climbs close to seven-year high as OPEC+ sticks to output plan

1 min read . 02 Feb 2022

An aircraft takes off at Heathrow Airport. (REUTERS)

UK's Heathrow Airport to use renewable jet fuel for first time

1 min read . 03 Jun 2021

Iranian Oil Minister Bijan Zanganeh (Photo: Reuters)

Indian, European refiners get ready to buy Iranian oil

2 min read . 19 May 2021

Despite the recent retreat, oil is still up almost 34% this year as output cuts from OPEC+ members tightens supply and as the demand outlook improves with the rollout of Covid-19 vaccines. (REUTERS)

Oil falls 2% as inventories rise, vaccine rollout stalls

1 min read . 18 Mar 2021

A pedestrian passes in front of the Essar Group corporate offices in Mumbai. Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil’s large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year. Photo: Bloomberg

Essar Oil picks Trafigura, BP for $1 billion oil-backed loan

1 min read . 20 Mar 2018

Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil’s large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year. Photo:

Essar Oil seeks loans from traders as banks fear Russian links

2 min read . 23 Feb 2018

Rosneft won a bidding war to buy Essar against Saudi Aramco, its biggest competitor in the oil export market. Photo: Reuters

Rosneft’s $12.9 billion Essar Oil deal held up over bank approval: report

3 min read . 11 May 2017

Traders said oil prices drew some support from top crude exporter Saudi Arabia, which said it would adhere strictly to its commitment to cut output under the agreement between Opec and other producers like Russia. Photo: Reuters

Oil prices rise on weaker dollar, Saudi’s commitment to cut output

2 min read . 17 Jan 2017

Officials of Muammar Gaddafi’s government during a hearing at a courtroom in Tripoli on Monday. Photo: Ismail Zitouny/ Reuters

Libya set to start trial of Gaddafi sons, former officials

2 min read . 14 Apr 2014

Abdullah al-Thinni was appointed earlier this month as interim prime minister with a mandate for just a few weeks. Photo: Reuters

Libya’s interim PM hands resignation to parliament

1 min read . 13 Apr 2014

A file photo of Yukos oil well of Prirazlomnoye, outside Nefteyugansk. Photo: AFP (AFP)

Brent rises on weak dollar, US economic stimulus

2 min read . 07 Jun 2013