U.S. oil sent to Israeli refineries

25 Feb 2016   Israel

Dutch oil trader Trafigura confirmed it delivered a cargo of crude oil sourced from U.S. basins to Israeli refineries in an early start for U.S. oil deliveries. Trading company Vitol, which has headquarters in Switzerland, scheduled the loading of 600,000 barrels of light crude oil from a Houston shipping terminal with the help of Enterprise Product Partners during the first week of January. It was the first such shipment in roughly 40 years. The White House in November signed off on a $1.1 trillion omnibus spending bill that included language that, with certain provisions, lifted a 40-year ban on the export of crude oil produced in the United States. Ben Luckock, head of crude oil for Trafigura, said […]

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