Russian ESPO crude premiums plunge to near 5-year lows on Asian glut

Russian ESPO crude premiums plunge to near 5-year lows on Asian glut

July 22, 2015
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By hellenicshippingnews Spot premiums for Russia’s ESPO blend crude have fallen to their lowest in nearly five years, as ample supplies of rival barrels in the region weigh on fundamentals while demand eases on weaker product cracks. Platts on Tuesday assessed the ESPO M1 premium to Dubai swaps at $1.15/b, after differentials in the spot market plunged … Read full story ›

Source:: Hellenic shipping news Oil