Chinese refiners have purchased all crude oil cargoes scheduled to load from Russia's Kozmino port in August earlier than usual, pushing ESPO crude to a $1/barrel discount to ICE Brent, up from $3-4/barrel discount two weeks ago, as Middle East supply risks rise from Red Sea tanker attacks.
OilPrice07/24, 04:45 PM
- $1 per barrel
- $3 and $4 per barrel
- August
Figures as quoted by OilPrice