Another problem for Russia: US launches crude exports early January

Enterprise Products Partners LP said on Wednesday that during the first week of January it will load 600,000 barrels of light crude that will be bought by Vitol Group, a Dutch oil-trading titan, according to Enterprise, according to The Wall Street Journal

The right to export oil was granted to three American companies - Peaker Energy, Enterprise Products Partners and Pioneer Natural Resources.

The oil will head to a Vitol subsidiary's refinery in Cressier, Switzerland, which supplies diesel and other fuels to Northern Europe, according to a person familiar with the matter. Vitol didn't immediately respond to requests for comment....................

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