Russian output of oil products to fall in 2017

Russia's output of oil products is expected to fall by about 2.5 percent in 2017 due to further work on a massive refinery modernisation programme aimed at boosting fuel quality, a deputy energy minister said.


Oil price drops on global supply glut concern

London’s top flight index swung into the red after investors soured to Lloyds Banking Group’s plans to hive off another £1 billion for the mis-selling of payment protection insurance (PPI).