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Monday, Sep 30
Reuters: BP considers long-term oil deal with Rosneft
- BP is working on becoming the first oil major with a long-term deal to buy seaborne crude from Rosneft (RNFTF.PK), and has already received some volumes of Russian Urals crude under the deal which is still being finalized, Reuters reports.
- While trading houses Glencore, Vitol and Trafigura agreed to lend Rosneft $11.5B in exchange for oil supplies over five years, oil majors have largely stayed on the sidelines, preferring to buy Russian crude at spot tenders.