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NEW YORK, Sept 12 (Reuters) - U.S. cash crude differentials
fell broadly on Thursday with Light Louisiana Sweet crude and
sour Mars crude hitting three-year lows as buying interest waned
in the market, traders said. Light Louisiana Sweet
* Josef Ackermann to step down from Siemens board * Retreat follows boardroom battle over CEO succession * Ackermann was second deputy chairman at Siemens BERLIN, Sept 12 (Reuters) - Former Deutsche Bank Chief Executive Josef Ackermann said he would step down from the superviso
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Royal Dutch Shell has appointed John Abbott as its Downstream Director, taking over from the soon-to-be Chief Executive Officer (CEO) Ben van Beurden. Abbott is Executive Vice President of Manufacturing, where he has been responsible for some 30 oil refineries and petrochemicals plants worldwide.
Read moreBERLIN, Sept 12 (Reuters) - Former Deutsche Bank Chief Executive Josef Ackermann said he would step down from the supervisory board of German engineering conglomerate Siemens , where he is second deputy chairman. "I have decided to step down from the supervisory board of Siemens. I will ho
Read moreLONDON, Sept 12 (Reuters) - Europe's biggest oil company Royal Dutch Shell named John Abbott as its new downstream director on Thursday and said he would join the company's executive committee. A Briton and a Shell "lifer" who joined straight from university in 1981, Abbott takes on the ro
Read moreLONDON, Sept 12 (Reuters) - Europe's biggest oil company Shell said on Thursday it had appointed John Abbott as downstream director and he would join the company's executive committee. Abbott, whose new position takes effect from Oct. 1, takes over the downstream role from Ben van Beurden w
Read moreMOSCOW, Sept 12 (Reuters) - Russian state oil company Rosneft awarded its semi-annual October-March jumbo crude tender, with Shell, Total and BP securing all of the Urals blend volumes offered, traders said on Thursday. Large traders, such as Vitol, failed to secure any Urals blend cargoes
Read more* Ackermann is second deputy chairman at Siemens * Ackermann may surrender post - source * Move follows resignation from chairman position at Zurich FRANKFURT, Sept 11 (Reuters) - Josef Ackermann, the former chief executive of Deutsche Bank, will likely step down from his positi
Read moreFRANKFURT, Sept 11 (Reuters) - Josef Ackermann, the former chief executive of Deutsche Bank, will likely step down from his board position at Siemens, a source familiar with the plan said on Wednesday. Last month, Ackermann resigned from his position as chairman of Zurich Insurance followin
Read more* Shi'ite militia threat rises against Western targets * Exxon moves staff to Dubai until tension eases - Iraqi security source * Other major Western oil companies stay put, but limit exposure * Oilfield operations continue as normal By Isabel Coles and Peg Mackey AR
Read moreMILAN, Sept 11 (Reuters) - Italian oil and gas group Eni said on Wednesday that output at the giant Kashagan oil field in Kazakhstan would grow up to a peak of 180,000 barrels per day in the first phase. In a statement Eni said production would then steadily grow up to 370,000 barrels of o
Read moreBy Chen Aizhu BEIJING, Sept 11 (Reuters) - Plans for a $13 billion refinery and petrochemical complex in east China have stalled over finding a suitable site for the plant, which could face long-term delays, industry and government officials said. The PetroChina-led project, in partne
Read moreKHOBAR, Sept 11 (Reuters) - The Saudi Aramco Shell Refinery Company (SASREF) will shut one of two crude distillation units (CDUs) at its Jubail refinery for a three-week maintenance in the fourth quarter, its president Abdullah Al-Baiz said on Wednesday. He did not elaborate in which period
Read moreBarack Obama has asked Congress to delay a vote authorising a strike on Syria while the US and its allies pursue a diplomatic initiative with Russia at the UN to force Damascus to give up its chemical weapons. In a nationally televised address from the White House, the US president said the initiati
Read moreSept 11 (Reuters) - An 8.3 billion pound ($13 billion) project to build a refinery and petrochemical plant in eastern China involving Royal Dutch Shell has been shelved after losing political support, the Telegraph newspaper reported, citing sources. The plant in the eastern city of Taizhou
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