Chinese Refiners Pay Double Premiums for a Key Russian Oil Grade
Corroborated by 2 sources from 2 publishers
russia_cisworld1d ago
TL;DR
Chinese Refiners Pay Double Premiums for a Key Russian Oil Grade Chinese refiners are paying a hefty premium for Russia's ESPO crude to replace Iranian crude that independent refiners were importing before the U.S. installed its naval blockade on the country. China is the biggest buyer of ESPO crude, with a market share of 83% for the first seven months of the year.