More than 3 million barrels of Russian ESPO crude are heading to the United States after a gap of over a year as muted demand from Chinese independent refiners and low freight rates make the trade viable, according to trade sources and Refinitiv data. Trading house Mercuria has provisionally chartered three cargoes of ESPO Blend …
The post Weak Chinese demand drives rare flow of Russian ESPO oil to U.S. -sources first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John