First US Bakken crude set to arrive in Asia mid-May:

27 Apr 2017   Shale Oil, USA

The first cargo of US Bakken crude is heading to Asia, adding to the widening list of western crude moving eastward amid the narrowing spread between low sulfur crude in the West against high sulfur crude in the East. Western trading firm Mercuria Energy has chartered a vessel to move a cargo of the crude, which has a gravity of 43 API, into Asia for the first time ever, according to a source close to the matter. The crude has been co-loaded with US Mars crude on the VLCC Maran Canopus, traders said. The VLCC left the US Gulf Coast on March 20 and is due to arrive in Singapore on May 13, according to cFlow , S&P Global Platts trade flow software. The vessel is currently located off the coast of South Africa. It is unclear however, if the cargo has a final outlet. Article continues below… Oilgram […]

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