Russia’s Sokol and ESPO Blend crude oil grades, produced in the country’s Far East, have relatively easy access to the world’s largest crude oil buyer, China.
In this episode of The Crude Report, our Vice President Will Harwood and Asia-Pacific and Middle East crude markets editor Azlin Ahmad, talk through the market fundamentals behind the Sokol and ESPO Blend crude.
13 January 2021
Transportation arbitrage economics from Canada to the US Gulf coast began improving in the back half of 2020 as international demand for Canadian heavy crude oil grades picked up.
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06 January 2021
Locational WTI spreads are tightening across the US Gulf coast as new connectivity options boost total liquidity, ultimately paving the pathway for Argus AGS to succeed as a future benchmark for light sweet crude in global markets.
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30 December 2020
Covid-19 continues to wreak havoc, as three Asian refineries are on the brink of shuttering thanks to weakened refined product demand.
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