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China, India Drive Up Spot Espo Crude Prices

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The spot market for Russia's East Siberia-Pacific Ocean (Espo) crude has strengthened considerably, lifted by firm demand from China and India who are keen to get their hands on the grade, which remains much cheaper than comparable arbitrage crudes.

Topics:
Crude Oil, Sanctions, Oil Demand, Oil Spot Markets, Oil Prices, Independent Refiners, Ukraine Crisis
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