Russian ESPO Crude Offers to China Hit Record Premiums Above $30 a Barrel

Name: Russian ESPO Crude Offers to China Hit Record Premiums Above $30 a Barrel
Uploaded: 2026-10-23T16:02:16.081438+00:00
Description: Russian sellers raised asking prices for ESPO Blend crude delivered to China to more than $25 a barrel over Brent on Oct. 23, 2026, with two offers exceeding $30. The surge, tied to the Iran war and volatile freight costs, is straining smaller Chinese refiners while Indian buyers look elsewhere.

Russian sellers raised asking prices for ESPO Blend crude delivered to China to more than $25 a barrel over Brent on Oct. 23, 2026, with two offers exceeding $30. The surge, tied to the Iran war and volatile freight costs, is straining smaller Chinese refiners while Indian buyers look elsewhere.

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