Russian oil gets pricier as pool of buyers from India, China expands

ESPO oil from the nation’s Far East has been a particular favourite due to its short shipping distance. Offers for ESPO that’s typically loaded at Kozmino port was close to $6.50 to $7 a barrel below ICE Brent on a delivered basis to China, while flagship Urals shipped from western ports was around $10 under the same benchmark, said traders.

from News-Economic Times https://ift.tt/Va3yKRM