Hariga, the biggest oil terminal in east Libya run by the central government, can’t export because gunmen nearby pose a threat to tankers, the port’s inspection and measurement coordinator said. Curbs on the sales helped lift crude prices to a six-month high last year.
Magenta-colored bars creep up on a monitor screen at the control room of Senipah-Peciko-South Mahakam oil terminal in Indonesia’s East Kalimantan province, indicating three storage tanks are being filled.
Hess Corp., the energy company that recently settled a proxy fight with Paul Singer, began the sale of its oil-terminal network and is seeking $1 billion for the asset, said people familiar with the matter.
Gunvor Group Ltd., the fifth- largest independent oil trader, secured $675 million in financing for its flagship Ust Luga oil products terminal, adding Russian banks to its lending partners and freeing up capital for other investments.
Vitol Group sold a second North Sea Forties crude cargo for loading in January at the lowest price in more than a month. The trader also sold Russian Urals blend in northwest Europe at the biggest discount to Dated Brent in almost three months.