Tenergy Sells Russian Urals Crude; Ineos Begins Grangemouth Halt
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Tenergy Trading sold Russian Urals crude in the Mediterranean at a smaller discount than the previous trade, while Total SA failed to sell the blend in northwest Europe. There were no North Sea grades traded with bids and offers made for all four benchmark crudes.
Ineos Group Holdings SA today began shutting down the Grangemouth petrochemical plant because of a worker strike, the company said on its website. A full closure of the site, including the refinery, may halt crude flows in the Forties Pipeline System.