Russian ESPO Blend Oil Trades at $7–8 Discount to Brent for March Cargoes

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

March-loading cargoes of Russian ESPO blend crude are trading at a $7–8 per barrel discount to Brent for delivery to China, according to market sources. The pricing reflects continued demand from Chinese refiners, tempered by global oil market volatility and sanctions-driven adjustments in Russian crude trade flows.