U.S. court throws out order to seize tanker carrying Kurdish crude


U.S. District Judge Gray Miller has thrown out an order to seize the tanker carrying $100M worth of Kurdish crude still anchored in the Gulf of Mexico.

The high-stakes dispute has heated up over the past month, bringing to the forefront Iraqi Kurdistan's right to produce and sell its natural resources.

The current ruling opens up the possibilities of importing the controversial crude, with refiners such as LyondellBasell (NYSE:LYB) saying it would resume purchases once the dispute was settled.

Previously: Kurdish crude oil status to be determined today

ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DWTI, DNO, SZO, OLO, OLEM, TWTI

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Comments (1)
  • mitrado
    , contributor
    Comments (2033) | Send Message
     
    Hyp, hyp, hypocrites!
    26 Aug 2014, 05:14 AM Reply Like
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