Chevron Sells Forties Crude; Libya’s NOC Issues Force Majeure
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Chevron Corp. sold North Sea Forties crude at less than half the last traded differential in the window, after offering the cargo for a fourth time. Total SA and Eni SpA bought Russian Urals blend at lower prices.
National Oil Corp. declared a force majeure on crude and product loadings from Es Sider, Ras Lanuf, Zueitina and El Brega ports, according to document obtained by Bloomberg News.