Cold Lake Blend heads for Singapore in rare move

摘要

Singapore—A cargo of Canada’s Cold Lake Blend heavy sour crude is bound for Singapore in a rare move, with Shell chartering an Aframax tanker for the voyage, trading sources said this week. According to Platts ship tracking software cFlow, the 106,127 mt Eagle Phoenix left Vancouver on November 30 en route to Singapore. Traders noted that a well-supplied crude market in the US was leading to a search for alternative destinations and a rise in the movement of heavy sour crude oil from the Americas to Asia.