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Oil Markets

Espo Spot Market Strengthens on Supply Uncertainty

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Published:
Wed, Aug 2, 2023
Authors
Freddie Yap, Singapore
Kerry Preston, London
Editor
Michael Ritchie
Oil,Pump,Flags,Russia
Anton Watman/Shutterstock

The spot market for Russian East Siberia-Pacific Ocean (Espo) crude strengthened considerably due to uncertainty about supply amid Russian export cuts. Indian market players also snapped up some September-loading spot Espo cargoes, likely helping to boost spot price differentials.

Topics:
Crude Oil, Oil Spot Markets, Oil Supply, Oil Demand, Oil Products
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