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Russian ESPO Blend oil jumps to premium on higher demand in China, sources say

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Russia’s Far East ESPO Blend oil grade has firmed to premium against the Brent benchmark on delivery basis for the first time since November 2023 on higher demand from Chinese refiners cooling India’s buying, three trade sources told Reuters. ESPO Blend cargoes loading in November traded at premium of $0.20-0.50 per barrel at DES (delivered ...

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