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ESPO CRUDE
China state refiners considering resuming Iran oil imports, sources sayChina's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...- ‘There’s no other choice’: War-hit Asian buyers grab Russian oilAsian countries are securing Russian oil amid an energy crunch. The Philippines and South Korea have received Russian crude and naphtha. Sr...
- India buys 30 million barrels of Russian oil after US waiverIndia's oil refiners have secured around 30 million barrels of Russian crude. This move follows a US waiver, allowing purchases to address ...
- Indian Oil buys Russian crude from non-sanctioned entities, sources sayIndian Oil Corp has purchased five cargoes of Russian oil for December delivery. This marks a resumption of purchases despite pressure from...
- US sanctions on Russian oil giants send shockwaves across ChinaChina's oil sector faces pressure from US sanctions on Russian energy firms. About 20% of China's crude imports come from Russia. Companies...
- India's Russian oil imports hit 10-month high on strong demand for ESPO crudeIndia's Russian crude oil imports are set to reach a 10-month high in May, nearing 1.8 million barrels per day, driven by increased demand ...
- China state firms curb Russian oil imports on sanctions risks, sources sayChinese state oil companies are reducing or halting purchases of Russian oil to comply with recent U.S. sanctions on Moscow. While Sinopec ...
- India surpasses China to become Russia's top oil buyer in JulyIn July, India surpassed China as the largest importer of Russian oil, with imports reaching a record 2.07 million barrels per day (bpd), o...
- Indian refiners opt for cheaper Urals crude as Russian grades get expensiveIn October, Indian refiners increased their demand for cheaper Urals crude from Russia while reducing imports of more expensive Russian gra...
- India, China's crude oil imports from Russia in May breach all-time highs, shows shiptracking dataThe jump in Russian supplies comes ahead of a meeting between the Organization of the Petroleum Exporting Countries and their allies includ...
- China and India keep Asia's crude oil imports robust in March: RussellAsia's imports of crude oil stayed at relatively robust levels in March, as strong inflows to the top-importing region's heavyweights China...
- India Oil Imports: Saudi gain is Moscow's lossRussia supplied a record 1.64 million barrels per day (mbd) of crude to Indian refiners in March, higher than 1.58 mbd in February, Vortexa...
- India jostles with China for April ESPO crude from Russia, prices jumpCompetition from India has narrowed discounts for April-loading ESPO shipments to about $6.80 a barrel against June ICE Brent DES basis to ...
- Russian oil gets pricier as pool of buyers from India, China expandsESPO oil from the nation’s Far East has been a particular favourite due to its short shipping distance. Offers for ESPO that’s typically lo...
- Why finding a real Russian oil price cap is proving so hard for the policymakers from EuropeTalks have so far focused on levels from $62 to $70 a barrel. Those who want the oil to keep flowing want a high cap, while those prepared ...
- India set to skip buying Russia's ESPO crude in Sept as freight costs jump"On net back basis after factoring in the freight, the landed cost of ESPO is turning out to be $5-$7 a barrel costlier in comparison to si...
- India is new major player in Russian oil market once dominated by ChinaIndia has emerged as a key buyer of Russian energy in the wake of the invasion, scooping up millions of barrels of discounted crude shunned...
- China is facing competition for its favorite Russian oil from IndiaCargoes of ESPO can be shipped to China in around five days, and the nation’s refiners have been eagerly snapping up the cheap Russian barr...
- More Russian oil than ever before heads towards IndiaThe sharp jump in Russian oil in transit by sea underscores how the global energy trade has been thrown into turmoil by the invasion, with ...
- China quietly increases purchases of low-priced Russian oilThe move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies, for fear of appearing to openly...
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