Mercuria Energy Trading SA bought two North Sea Forties crude cargoes at lower prices than yesterday. Eni SpA purchased Urals blend at bigger discounts to Dated Brent in northwest Europe than previous trade.
Trafigura Beheer BV and Total SA withdrew bids for North Sea Ekofisk grade. Iraq plans to cut Basrah Light crude shipments by 9.4 percent in December, a loading program obtained by Bloomberg News showed.
Total SA bought North Sea Forties traded at a higher level than the previous trade. Vitol Group offered Russian Urals blend in the Mediterranean at a discount to Dated Brent, compared with the previous bid of a premium.
Royal Dutch Shell Plc failed to buy North Sea Forties and Oseberg crude grades at higher prices than deals yesterday. No bids or offers were made for Russian Urals in Europe. BP Plc sought to sell Nigerian Qua Iboe crude for a fourth day without success even after lowering the offer.
Mercuria Energy Trading SA failed to sell North Sea Forties crude at a smaller discount than yesterday. Royal Dutch Shell Plc bought Brent and Oseberg at higher prices than previous trades. Eni SpA sought to buy Russian Urals in northwest Europe without success.
Grupa Lotos SA, Poland’s second- biggest refiner, agreed to buy Centrica Plc’s oil and gas exploration assets in the Norwegian part of the North Sea for $175.8 million as part of its foreign expansion.
A disused railway between Latvia and Lithuania will be rebuilt in 2012, allowing Polish refiner PKN Orlen to ship products more cheaply from its refinery in Mazeikai, Lithuania, Dziennik Gazeta Prawna reported today.
BP Plc bought its third North Sea Forties crude cargo for loading in November at a higher price than yesterday. The company also bought a shipment of Oseberg, the first transaction for the grade in four months. No bids or offers were made for Russian Urals blend for a second day.