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Public Joint Stock Company Rosneft Oil Company (ROSN.ME)
- Reuters SG
Trafigura hires Rosneft's former top executive, WSJ says
Commodities trader Trafigura Group has hired Russian oil giant Rosneft's former top executive, Otabek Karimov, The Wall Street Journal reported on Monday. Karimov was vice president for commerce and logistics at state-supported Rosneft Oil, before leaving that position when the European Union imposed sanctions on the Russian energy producer in May 2022, the report added. Karimov is from Uzbekistan, and his focus will be on metals, a source close to the company told Reuters.
- Reuters SG
RPT-Russia's refined oil product exports to Singapore to hit highest this year in May, traders say
Russia's exports of naphtha to Singapore are on track to rise to their highest level this year in May as Russian refineries recover from drone attacks, traders and analysts estimated, with the trend poised to continue as more capacity comes online. Singapore imports of Russian naphtha, a key ingredient for making petrochemicals such as plastics and textile fibres, will rise to about 415,000 metric tons in May, LSEG Research estimated, while consultancy FGE expects nearly 500,000 tons. "The refinery (attack) impact wanes off through May and June, which is why we may expect higher exports from Russia," said Armaan Ashraf, global head of natural gas liquids at FGE.
- Reuters SG
Russia's refined oil product exports to Singapore to hit highest this year in May, traders say
Russia's exports of naphtha to Singapore are on track to rise to their highest level this year in May as Russian refineries recover from drone attacks, traders and analysts estimated, with the trend poised to continue as more capacity comes online. Singapore imports of Russian naphtha, a key ingredient for making petrochemicals such as plastics and textile fibres, will rise to about 415,000 metric tons in May, LSEG Research estimated, while consultancy FGE expects nearly 500,000 tons. "The refinery (attack) impact wanes off through May and June, which is why we may expect higher exports from Russia," said Armaan Ashraf, global head of natural gas liquids at FGE.
