Wednesday, May 20, 2020

First-Ever WTI Oil Cargo To Arrive At Odessa (Ukraine) -- May 20, 2020

From Reuters:
Ukraine’s Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States ....
Industry sources said that the UMLMA tanker has shipped in BP’s 80,000-tonnes cargo for further delivery to the Kremenchug refinery of Ukrtatnafta. The value has not been disclosed.
Kiev has moved to diversify its energy supplies from its ex-Soviet master, Russia, following Moscow’s annexation of the Crimean peninsula in 2014 and subsequent flair-up of pro-Russian insurgency in eastern Ukraine. 
Odessa last received an oil cargo from the United States, the Bakken crude blend, in March
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