MARKETS

Cliff Head partners take extra $1M for oil offtake

THE first lifting of oil from Cliff Head to Singapore since operator Triangle Energy signed with BP Singapore to take its crude set sail yesterday carrying 107,000 barrels of oil from the BP Kwinana terminal. 

First lifting of Cliff Head oil in months

First lifting of Cliff Head oil in months

It seems the wait has been worth it: five months of oil stored means partners Triangle and Pilot Energy benefit from the higher price of Brent by roughly A$1 million.    Brent has been rising fast...

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