Crude Oil - Russian Espo Remains Under Pressure

摘要

The market for Russia's Espo crude oil remains under pressure in its key Asia- Pacific market from a flood of competing light, sour crudes, relatively muted Chinese demand and refinery turnarounds in northeast Asia. October-loading Espo has traded at spot premiums ranging from $2.30/ bbl to around $2.80/bbl to the Dubai benchmark in late August, market players say.