Refiners and analysts expect China to issue soon a new batch of crude oil import quotas for independent refiners, which is boosting the spot prices of the most popular grades with the teapots and could raise overall Chinese imports through the end of the year. Russia’s ESPO crude variety, a staple with the independent refiners in China, has seen its price on the spot market rise by $1 a barrel compared to August, trading sources told Bloomberg on Tuesday. Spot differentials for Brazil’s Tupi and Iracema grades have also increased…
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