Oil Suffers Rout after Saudi Arabia Fires First Shot of Price War
Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling from the impact of the coronavirus on global demand. Saudi Arabia slashed its official …
Rosneft & Morgan Stanley Terminate Global Oil Merchanting Purchase Due to Regulatory Blocks
Rosneft and Morgan Stanley had to terminate the contract to sell Morgan Stanley’s Global Oil Merchanting business to Rosneft Oil Company dated 20 December 2013 due to an objective impossibility to complete the deal that has arisen as a result of regulatory clearances being refused. Having invested substantial efforts in …
Rosneft & Morgan Stanley Terminate Global Oil Merchanting Purchase Due to Regulatory Blocks
Rosneft and Morgan Stanley had to terminate the contract to sell Morgan Stanley’s Global Oil Merchanting business to Rosneft Oil Company dated 20 December 2013 due to an objective impossibility to complete the deal that has arisen as a result of regulatory clearances being refused. Having invested substantial efforts in …
Rosneft Acquires Morgan Stanley International Oil Merchanting Business
The Russian 100% subsidiary of Rosneft Oil Company and Morgan Stanley signed a binding agreement to purchase the Global Oil Merchanting unit of Morgan Stanley Commodities division. Financial terms of the transaction were not disclosed. The sale includes access to an international network of oil storages, crude oil and products …