Argus ESPO Blend
Overview
Price assessment details
What are the advantages of the Argus ESPO Blend price assessment?
The Argus ESPO Blend price assessment is calculated using a market-appropriate methodology that includes cross-checking market information with producers, consumers and traders. The Argus ESPO Blend price assessment reflects market prices for crude sold by Russian producers to Asia-Pacific refiners and international trading firms on a fob Kozmino basis.
How is this price assessment used?
Argus price assessments are used to establish long-term contract prices for 300,000 b/d of crude produced by Russian state-controlled Rosneft and delivered to China’s state-owned CNPC through the pipeline spur linking the ESPO system with refineries in northeast China. The Argus ESPO Blend price assessment is published daily in the Argus Crude report.
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