Russian ESPO Crude Oil Is Now Trading At A Discount To Brent

November 8, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Russia’s ESPO crude blend has slipped to a discount to Brent for December loadings to China amid lower Chinese demand and higher freight costs, Reuters reported on Wednesday, citing market sources. 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. In recent days, demand for ESPO from China has dropped as refining margins have declined and Chinese refiners are left with limited quotas to export…

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.

Russian ESPO Crude Oil Is Now Trading At A Discount To Brent

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