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BP, Glencore struggle to sell Russian oil

Posted On: Aug. 21, 2019 6:15 AM CST

Russian oil

Oil and gas firms BP PLC and Glencore PLC are struggling to sell around 600,000 tons of Russian oil more than three months after contamination was discovered in the inventory, Reuters reports citing sources. Glencore is stuck with 500,000 tons in one very large crude carrier Amyntas and two smaller tankers - Searanger and Searuby. Both the companies bought the oil from Russian state oil firm Rosneft Oil Co. PJSC.

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