A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it in 2020, according to ship tracking data and a source.
as competitive pricing for U.S. grades and China's reopeningTanker Sonangol Porto Amboim, carrying light sweet oil, left Corpus Christi, Texas, on May 16 for Saldanha Bay on the west coast of South Africa, according to ship tracking information from Refinitiv Eikon and energy data provider Kpler.
Glencore's majority-owned Astron Energy restarted production at its 100,000 barrel per day Cape Town refinery nearly three years after a deadly explosion shuttered operations and killed two workers.
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