L-R: Mark McNeill, Silpa Maruri and Chris Porter of Quinn Emanuel Urquhart & Sullivan. Courtesy photos Litigators of the Week: Quinn Wins $21M in Back Pay for St. Croix Oil Storage Facility and Preserves 9-Digit Lease with SINOPEC Affiliate
Chris Porter, Silpa Maruri and Mark McNeill of Quinn Emanuel Urquhart & Sullivan convinced an arbitration panel to deny a request by China's Unipec to terminate its $500 million oil storage lease with Limetree Bay Terminals, which still had about five years left.
September 30, 2022 at 07:30 AM
6 minute read
It's called a "contango" in the oil market. That's when the market price of crude oil is lower than the price of oil futures.
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