India and China competing for Russian crude – media ...News

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India and China competing for Russian crude – media
The expanding pool of Asian buyers is pushing prices higher Chinese private refineries are jostling with their Indian counterparts for April volumes of seaborne Russian ESPO blend oil, Reuters reported this week, citing industry sources. After Western customers opted to shun direct purchases of Russian energy exports, China and India have become major buyers of Russian crude. China, which commonly purchases the entire volumes of the ESPO crude shipped from the Pacific port of Kozmino due to its close proximity, is expected to import record volumes in March. As for April, Indian independent refiners Reliance Indust

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