Mercuria Sells Forties Crude; Libyan Hariga Port to Load Cargo

Mercuria Energy Trading SA sold North Sea Forties crude at a higher price than last week, while OAO Lukoil failed to buy Russian Urals blend.

A tanker is expected to dock and load crude from the Libyan oil export terminal Hariga that has been shut for much of the past two months, according to a state company official and ship tracking data.

North Sea

Mercuria sold cargo F1119 for Nov. 29 to Dec. 1 loading to Royal Dutch Shell Plc at parity to Dated Brent, a Bloomberg survey of traders and brokers monitoring the Platts pricing window showed. The consignment was originally scheduled to load Nov. 27 to Nov. 29, according to the initial Forties loading program seen by Bloomberg News. The trade is 9 cents higher than the last trade done on Nov. 7 between BP Plc and Shell.

Mercuria didn’t manage to sell a Nov. 29 to Dec. 1 cargo of Ekofisk crude at $1.30 a barrel more than the benchmark, the survey showed. The grade was last offered on Nov. 7 at plus 80 cents and plus $1.05.

Brent for December settlement traded at $105.93 a barrel on the ICE Futures Europe exchange at the close of the window, compared with $104.44 in the previous session. The January contract was at $105.77, a discount of 16 cents to December.

Urals/Mediterranean

Lukoil didn’t manage to buy 80,000 metric tons of Urals for Nov. 22 to Nov. 26 loading at a discount of 5 cents a barrel to Dated Brent on a delivered basis to Rotterdam, the survey showed. The company bid for the grade on Nov. 7 at Dated Brent plus 25 cents, the highest bid since July 24.

Hellenic Petroleum bought 80,000 tons of the crude from Glencore Xstrata Plc for Dec. 1 to Dec. 5 delivery to Greece, according to two people who participate in the market.

OAO Rosneft sold three Urals cargoes to Vitol Group in a tender, according to three traders who participate in the market, asking not to be identified because the information is confidential. Two of the lots for loading Nov. 23 to Nov. 24 and Nov. 27 to Nov. 28 from the Baltic port of Ust-Luga were originally unallocated positions that were later filled by Rosneft. The third shipment, for loading from Primorsk on Nov. 24 to Nov. 25, was added to the program.

Iraq resumed pumping to the Turkish port of Ceyhan at 12 p.m. local time, according to Boutros Maritime & Transport SA. About 250,000 barrels were available for loading when output was halted this morning at 6 a.m., the port agent said.

A vessel will pick up at least 600,000 barrels of crude from Libya’s eastern terminal of Hariga tomorrow, for shipment to a European destination, Mohamed Elharari, a spokesman for the state-run National Oil Corp. said today by phone from Tripoli, without elaborating on the tanker’s name or its charterer. Shiptracking data on Bloomberg show that the British Falcon is headed to Hariga, after being moored at another Libyan port, Zawiya, from Oct. 27 to Nov. 9.

A Libyan militia leader in the oil-rich east unilaterally announced the creation of the region’s oil company, underscoring the growing lawlessness eroding the central government’s authority.

Ibrahim Al Jedran, a former head of the Petroleum Facilities Guard’s eastern command, said the new Libyan Corporation for Oil and Gas will handle production and sale of crude and gas in the east, which he proclaimed as semi-autonomous under his leadership.

West Africa

PT Pertamina’s tender to buy 950,000 barrels of crude in a tender for Jan. 7 to Jan. 9, or Jan. 12 to Jan. 14 delivery to Cilacap refinery, or Jan. 9 to Jan. 14 to Balikpapan plant closed today at 3 p.m. Singapore time. Offers are valid until 6 p.m. tomorrow, a document obtained by Bloomberg News showed.

To contact the reporter on this story: Laura Hurst in London at lhurst3@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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