- IRS official refuses to answer questions at scandal hearing |
- Global stocks, oil fall after Bernanke; dollar gains |
- CORRECTED-White House threatens veto of bill to bypass Obama on Keystone
- Oklahoma tornado victims astounded at how they survived |
- FBI says man shot dead while being questioned about Boston bombings
Canadian light crude flows to Europe in rare arbitrage -trade
GENEVA/LONDON Jan 22 (Reuters) - Light sweet Canadian offshore crude has arrived in Northwest Europe in a rare arbitrage movement as the U.S. shale oil boom edges out Canadian oil, which must seek alternative markets, traders and shipping sources said.
A 1 million barrel cargo of Canadian light sweet Hibernia has been booked for Valero's Pembroke refinery loading Jan. 23-24, the sources said.
In late December to early January, the tankers Overseas Acadia and Value discharged 600,000 barrels each of Canadian sweet crude at the Birkenhead port in Liverpool on Britain's east coast, the sources said and Reuters AIS Live ship tracking showed.
The Birkenhead terminal is connected to the Stanlow refinery, owned by India's Essar. A company spokesman declined to confirm these precise shipments but said Stanlow had previously taken Canadian oil.
- Tweet this
- Share this
- Digg this