Russia's ESPO crude exports from the port of Kozmino port are expected to reach a record high of 3.9m metric tons in July from 3.4m tons in June, according to Reuters sources.

  • Exports from the far east port are boost by increased supplies China amid Western sanctions while demand from Indian refiners remains firm.
  • ESPO prices are firming with spot discounts narrowing this month on recovering Chinese independent refiner demand, sources said.
  • The average discount for July loading cargoes delivered ex-ship (DES) China basis has narrowed from $0.80-1.00/bbl in June to $0.60-0.70/bbl in July.

OIL: ESPO Crude Exports from Kozmino to Rise to Record in July

Last updated at:Jun-27 08:48By: David Lee

Russia's ESPO crude exports from the port of Kozmino port are expected to reach a record high of 3.9m metric tons in July from 3.4m tons in June, according to Reuters sources.

  • Exports from the far east port are boost by increased supplies China amid Western sanctions while demand from Indian refiners remains firm.
  • ESPO prices are firming with spot discounts narrowing this month on recovering Chinese independent refiner demand, sources said.
  • The average discount for July loading cargoes delivered ex-ship (DES) China basis has narrowed from $0.80-1.00/bbl in June to $0.60-0.70/bbl in July.

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