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Russian ESPO oil premiums hit 2-year highs in China on robust winter demand

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Spot premiums for Russia’s Far East ESPO Blend crude oil shipments to China rose to their highest since the Ukraine war broke out in 2022 on robust winter demand and as prices for rival grades from Iran firmed, three trade sources said on Tuesday. ESPO Blend cargoes ESPO-DUB loading in January traded at premiums of ...

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