IN BRIEF

摘要

China’s Sinopec will start flling the second 20mn bl phase of the Huangdao strategic petroleum reserve (SPR) site this month with 1.5mn bl of Russian light sweet ESPO Blend. Chinese frms usually buy Mideast Gulf crude for the SPR, but ESPO Blend’s premium to Oman crude has fallen to little more than $1/bl this month — a seven-month low — from $3/bl in June.