Oil from questionable origins with a 40% discount is being offered to US energy traders, report says

Dec 8 2022 by Business Insider

 
The flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA

Carlos Garcia Rawlins/Reuters

US energy traders are receiving pitches for steeply discounted crude with unclear origins, Bloomberg reported. One middleman offered up to 200,000 barrels of heavy-sour crude at a $30 markdown vs. West Texas Intermediate, per the report.  Traders told Bloomberg that they passed on the super-cheap crude due to...
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