The tanker Theseus offloaded its cargo of Russian crude into storage tanks at Ghana’s Tema oil refinery over the weekend, after being anchored full off the port since Feb. 24 as it awaited permission to dock.
The European Union is closing in on a deal to cap the price of Russian crude oil at $60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.
Oil traded near $107 a barrel in New York as investors monitored developments from the gathering of Group of Seven leaders, and two supplier countries flagged potential output cuts due to political unrest.
