Logout MY EI
Energy TransitionOil MarketsGas and LNGRiskCompetitive IntelligenceEnergy Intelligence Premium
IMG.gif
Logout
Join
MY EI
Oil Markets

Russian Spot Espo Market Takes a Tumble

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Published:
Wed, Dec 7, 2022
Authors
Freddie Yap, Singapore
Kerry Preston, London
Editor
Gary Peach
Trading,Recession,Economy,Business,Graph,With,Arrows,Downwards

The spot market for Russian East Siberia-Pacific Ocean (Espo) crude collapsed dramatically as the Russian price cap kicked in on Dec. 5. Chinese demand remains sluggish, and the Russian grade is faltering against competing sanctioned crudes.

Topics:
Oil Spot Markets, Sanctions, Oil Demand, Crude Oil, Oil Products, Diesel/Gasoil
Wanda Ad #2 (article footer)
#
NEFTE COMPASS>
ss1885114657-locations-uae-masdar
NEFTE COMPASS
Masdar Revs Up Renewables Drive
The cash-rich Abu Dhabi developer has targeted the Caspian and Central Asia as a key area for expansion.
Wed, Feb 1, 2023
View More >
OIL MARKETS SERVICE>
Prince Abdulaziz bin Salman
INTERNATIONAL OIL DAILY
Saudi Minister: Sanctions May Lead to Supply Crunch
Saudi Arabia's energy minister has warned once again that sanctions and underinvestment may lead to a global energy supply crunch.
Mon, Feb 6, 2023
View More >
Oil Spot Markets>
Oil,Tanker,Sea,Ocean,Transporting,Imports,Exports
OIL MARKETS BRIEFING
North Sea Struggles in Product-Driven Market
Spot demand for North Sea oil grades remains soft.
Mon, Feb 6, 2023
View More >