Azerbaijan’s SOCAR offered 650,000 barrels of Azeri BTC oil loading on November 4-8 from Ceyhan at plus $1.95 to dated Brent, but failed to find a buyer, though the offer was below recent price estimates.
The United States and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world’s two largest economies.
