Shell Buys Forties; Primorsk Urals Exports Halted by Tug Dispute
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Royal Dutch Shell Plc bought North Sea Forties at a lower price than yesterday. Statoil ASA failed to buy Russian Urals crude at the same price of a three-year high traded June 20.
Russia plans to ship less than a million barrels a day of Urals crude from Primorsk port in July, near the lowest in more than five years, a final loading program showed. Shipments from the Baltic port were interrupted today by a tug-boat dispute.