Diesel Shortage Pushes Russia’s ESPO Crude Above Brent

September 18, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Advertisements

A shortage of diesel fuel has pushed Russia’s ESPO crude blend to a premium over Brent crude, Bloomberg has reported, citing unnamed traders. ESPO, named after the East-Siberia-Pacific Ocean pipeline that carries it to export markets, is a light crude with a low sulfur content that independent Chinese refiners are especially partial to. Per Bloomberg, ESPO is especially good for diesel fuel production, hence the price increase as some parts of the world struggle to cover demand with existing refining capacity. As Reuters’ market analyst…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Diesel Shortage Pushes Russia’s ESPO Crude Above Brent

Share this:

Share this:

Discover more from Maheri Network