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Battle of oil benchmarks upends crude flows

Increased volatility in spreads is expected to intensify price war among producers as they compete for market share

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THE oil tanker Tofteviken is set to sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.

Singapore

THE oil tanker Tofteviken is set to sail from the UK this month carrying the first shipment of North Sea Ekofisk crude to the US Gulf Coast in five years.

More than 11,000 kilometres away, the Syros Warrior is due to deliver Siberian oil to the Chinese port of Qingdao,

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