BP Sells Forties at Lower Price; 21 Nigeria Crude Cargoes Unsold
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BP Plc sold a cargo of North Sea Forties crude at a lower premium than the previous trade. There were no bids or offers for Russian Urals grade.
At least 21 Nigerian crude cargoes for loading in February, or 31 percent, remain unsold because of reduced European refining margins and rising U.S. shale oil output, said three traders who participate in the market.