Indian Refiners Scoop Up Russian ESPO Crude As China Steps Back ...Middle East

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Indian Refiners Scoop Up Russian ESPO Crude As China Steps Back
source : OILPRICE ( Middle East ) () 99
India bought more Russian ESPO Blend oil in April than any month since August 2024, stepping in to scoop up what weakening Chinese demand for the blend has left behind, Reuters reported on Monday, citing LSEG data.  In April, the Reuters report shows Indian ports taking in around 400,000 metric tons of Russian ESPO, up from only 100,000 metric tons the month prior. Another 200,000 metric tons is set to ship to India in May, according to LSEG data.  Chinese demand for Russian ESPO dipped due to sanctions on Russian companies that led Chinese…

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