The price of Russian ESPO crude, which goes to China, rose to the highest in seven months as Chinese buyers rushed to buy it ahead of an announced 500,000-bpd cut in exports next month. Per Reuters, ESPO is currently trading at a $4 per-barrel discount to Brent crude, which puts it $6 above the G7 price cap.
Before the announcement of the export cut, ESPO was trading at a discount of $4 to Brent crude, still above the price cap. ESPO has been trading consistently above the price cap because it is the preferred Russian blend of Chinese refiners.…McKinsey: Key Metals Shortages Could Slow The Energy Transition
Понравилась статья? Подпишитесь на канал, чтобы быть в курсе самых интересных материалов
Подписаться