A recent disruption to loadings of Caspian light sour CPC Blend, one of Europe's largest crude import streams, has shaken up the market that already struggles with lower Mideast Gulf supply.
In this episode Argus Senior crude editor Michael Carolan and Russia-Caspian crude reporter Melissa Gurusinghe discuss how the region reacted to the halt of CPC Blend loadings.
Key topics include:
- The scale of CPC Blend export halt and its impact on crude prices
- How critical the grade is for Europe
- What alternatives European refiners have turned to
Listen now to understand how European buyers are responding and what comes next.
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