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10.0

China increases Russian ESPO crude imports amid Middle East supply risk

Chinese refiners are accelerating purchases of Russian ESPO crude, trading at a $1 discount to ICE Brent, to hedge against potential supply disruptions in the Middle East. This shift reflects a strategic pivot to secure energy flows as geopolitical tensions in the Persian Gulf persist.

Capital.gr1 day agoCN, RUCredibility 37%View source

Score Breakdown

Mosaic Score10.0
Confidence0.9
Significance0.5
Source credibility0.4

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