Russian ESPO demand falters

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/081418-far-east-russian-espo-blend-crude-premium-falls-to-one-year-low-on-weak-demand

we were just talking about Saudi Arabia's oil production decline yesterday in a different thread. now it would appear that Russia is lowering prices due to weak demand for this particular grade as well.

I hope no one is holding out hope for that production increase that OPEC agreed to that everyone is talking about. 

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0