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Authorities: Detained tanker is full of crude oil

Local authorities in Gibraltar now establish that tanker vessel Grace 1 is loaded with crude oil, writes Reuters. The vessel is being detained in Gibraltar on suspicions that it was heading to Syria.

Trafigura to build large oil terminal in Texas

Swiss-based commodity trader Trafigura has filed for permission to build a terminal in Texas which can be used by the largest oil tanker vessels. The project will facilitate the growing export of US crude oil.

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