Oil Terminal News
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Total SA failed to sell a cargo of North Sea Forties as an extra shipment was added to the May loading program. Gunvor Group Ltd. bid unsuccessfully for Russian Urals blend even as it bid at the highest level in almost six months.
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Russian diesel exports from the St. Petersburg terminal rose 22 percent in March from a year earlier, a port official said.
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In the wake of plummeting oil output, Norway, western Europe’s biggest petroleum producer, may have found its new money spigot: an ice-free expanse of the Arctic Ocean known as the Barents Sea.
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North Sea Forties crude rose to the highest in almost two weeks as Total SA bought. Royal Dutch Shell Plc and Talmay Trading both offered Russian Urals grade without finding buyers.
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OAO Gazprom Neft, the oil arm of Russia’s natural gas exporter, plans to expand its partnership with Royal Dutch Shell Plc to develop shale oil in Siberia and Arctic offshore blocks, according to a Kremlin official.
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Royal Dutch Shell Plc ended curbs on crude exports from its Bonny oil terminal in Nigeria after repairs were completed following a leak on its Nembe Creek pipeline, a company spokesman said.
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U.S. stock-index futures erased gains following a report that smoke plumes had been seen near an oil terminal in Libya.
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Klaipedos Nafta AB, Lithuania’s oil terminal on the Baltic Sea, said sales increased 4 percent in September from the same period last year.
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Ukraine may offer a 50 percent fee discount to Azerbaijan at the oil terminal of its Yuzhnyi port, Kommersant-Ukraine newspaper reported, citing a draft bill submitted by the government.
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Klaipedos Nafta AB, Lithuania’s oil terminal on the Baltic sea, said sales increased 30 percent in August from the same period last year.
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