Market Chatter: Russian Discounts for China-Bound Oil Widen as India Pulls Out Purchases

MT Newswires Live
02/06

Price reductions for exports of Russian oil to China widened to new records amid a race to lure Chinese purchases and offset a foreseen loss of sales from India, Reuters reported Thursday.

The ESPO Blend's discounts grew to $9 per barrel from $7 to $8 in recent months, the report said. The oil is delivered to China from Russia's Pacific port of Kozmino, according to Reuters.

Urals grade oil discounts reached $12 per barrel and could even widen further, the report said.

Indian purchases of Russian oil could even trigger deeper discounts, and could continue in the near term, Reuters reported, citing Vortexa analyst Emma Li.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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