Russia to Boost Exports of China’s Favorite Russian Crude in July

Russia is set to raise the shipments of the ESPO Blend crude from its Far East port of Kozmino in July, after lower exports this month due to maintenance, trading sources told Reuters on Wednesday. ESPO loadings from Kozmino are expected at 4 million tons, or about 970,000 barrels per day (bpd) in July, up from 3.

6 million tons in June. According to Reuters calculations, daily exports of ESPO from Russia’s Far East, predominantly to Chin,a are set to rise by 7.5% in July compared to June, which is a day shorter. Going forward, ESPO crude…