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

MT Newswires Live

Feb 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.)

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The oil is delivered to China from Russia's Pacific port of Kozmino, according to Reuters.</p><p>Urals grade oil discounts reached $12 per barrel and could even widen further, the report said.</p><p>Indian purchases of Russian oil could even trigger deeper discounts, and could continue in the near term, Reuters reported, citing Vortexa analyst Emma Li.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2609556166","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609556166","pubTimestamp":1770357445,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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