Arcadia Buys Dubai Crude From Shell; Russia ESPO Premium Drops
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Arcadia Petroleum Ltd. bought 75,000 barrels of benchmark Dubai crude, while Sudan’s Nile Blend sold at a higher premium and Russia’s ESPO declined.
Arcadia bought three 25,000-barrel partial cargoes from Royal Dutch Shell Plc., according to a survey today of traders who monitor the Platts trading window. London-based Arcadia has purchased 300,000 barrels of Dubai crude in January.