India jostles with China for April ESPO crude from Russia, prices jump

Competition from India has narrowed discounts for April-loading ESPO shipments to about $6.80 a barrel against June ICE Brent DES basis to northern China from $8.50 a barrel last month for March-loading oil, three trading sources said.

from Energy-Industry-Economic Times https://ift.tt/J8a3zTN