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Oil Markets

Russian Invasion Craters Strong Espo Market

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The spot market for Russia’s key East Siberia-Pacific Ocean (Espo) crude oil had spiked from the previous month, but came crashing down after the West imposed sanctions and cut off some Russian banks from the Swift international payments system.

Topics:
Crude Oil, Oil Spot Markets, Sanctions, Oil Demand, Independent Refiners, Oil Products
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