This is really cool.
Link here. I don't often see "Bakken," "Aframax," and "Belarus" all in one sentence.
The 80,000-mt Aframax of Bakken crude -- roughly 600,000 barrels --
started loading Thursday in Beaumont, Texas, and is set to depart
Sunday, according to Belarus' Belta news agency, citing Belneftekhim
press secretary Alexander Tishenko. The tanker is due to arrive in the
Lithuanian port of Klaipeda in early June, he said. The crude will be
refined at Belarus' Naftan refinery.
The State Department announced the shipment Friday, saying it was a
competitive deal by US trader United Energy Trading, with the
assistance of US firm Getka and Polish partner UNIMOT.
Bakken crude trading along the US Gulf Coast has fallen quiet in
recent weeks, sources have told S&P Global Platts. June barrels of
the grade in Nederland were assessed Thursday at a $1.90/b premium to
the NYMEX WTI Calendar Month Average, or a 2 cent/b discount to WTI at
the Magellan Houston terminal.
US Gulf Coast crude differentials have risen sharply in recent
days. Bakken USGC pipeline crude has averaged at a 93 cents/b premium to
the WTI CMA so far in May, much stronger than April's average $5.77/b
discount.
While the US has never sent crude to Belarus until now, it sent the
country a small amount of refined oil products, 58,000 barrels, in
2004, US Energy Information Administration data showed.
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