Seeking Alpha

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
Comments (1)
  • mitrado
    , contributor
    Comments (2017) | Send Message
     
    Hyp, hyp, hypocrites!
    26 Aug 2014, 05:14 AM Reply Like
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