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East Siberia Pacific Ocean Newsletter
  • China Steps In as India Wavers in Russia’s Oil Trade 07 Feb 2026 01:37 GMT

    … s ESPO exports were directed to China. Even excluding pipeline supplies … relied exclusively on Russian oil since October 2025. In … Aframax tankers loaded with ESPO have already discharged there … commodity corridors. For India, oil imports are turning into not …

  • Tankers With Russian Oil Flock to East Asia 06 Feb 2026 16:04 GMT

    … tankers loaded with Russian Urals oil are sailing toward Asia or … to 12 million barrels of oil — are spread across the … , Indonesia has occasionally imported Russian oil, but it tends to prefer … grades such as ESPO and Sokol. The looming global oil glut is …

  • Oil Tankers Wait Offshore as Russia Redirects Barrels to China 06 Feb 2026 15:06 GMT

    … temporarily halted purchases of Russian oil following the U.S.- … safest’ destination for Russia’s oil, Russian crude is being offered … week, the discount of the ESPO blend that Russia ships from … slashing its purchases of Russian oil. With Indian refiners still …

  • Russian Oil Discounts Widen for China as Indian Purchases Falter 05 Feb 2026 17:55 GMT

    … week, the discount of the ESPO blend that Russia ships from … slashing its purchases of Russian oil. With Indian refiners still waiting … Beijing to boost cheap Russian oil imports. India, for its … for limited purchases of Russian oil. By Charles Kennedy for …

  • Russian oil sellers cut prices in China to attract demand as India wavers 05 Feb 2026 15:27 GMT

    … Modi that included halting oil purchases from Russia, but … Western sanctions, with Russian oil in floating storage rising. … . WIDER DISCOUNTS Discounts for ESPO Blend, delivered from the … buyers of sanctioned oil, with January Russian oil volumes into …

  • China increases imports of Russian oil, India reduces to a three-year low - Bloomberg 03 Feb 2026 15:08 GMT

    … Christmas. Last month, Russian oil deliveries to Indian ports continued … products made from Russian oil. Russian oil imports to the EU … 84. The price of Pacific ESPO crude increased by $1. … by destination Volumes of Russian oil supplied to Asian buyers, …

  • Where China Gets Its Oil: Crude Imports in 2025 Reveal Stockpiling and Changing Fortunes of Certain Suppliers, Including Those Sanctioned 03 Feb 2026 03:54 GMT

    … countries has implications for other oil exporters that supply China. … via the Kazakhstan-China oil pipeline and probably most of … sent to China via the ESPO pipeline spur. The gap between … aimed at preventing illegal STS oil transfers, which perhaps prompted …

  • Russian Crude Offers More Value Than Iran Light 04 Feb 2026 17:33 GMT

    The spot market for Russia's East Siberia-Pacific Ocean (Espo) crude oil firmed up, boosted by its improved value relative to comparable Iranian crudes as well as a period of relatively enthusiastic buying by Chinese refiners.

  • Supply chains and China’s Hormuz imperative 05 Feb 2026 00:24 GMT

    … , China’s crude oil imports maintained historic highs … Strait would spike global oil prices—simulations suggest … medium term (2025–2030), oil remains irreplaceable. Overland routes: … Chokepoint) Russia ~2.2 Million ESPO Pipeline / Sea Medium (Sanctions …

  • Putin turns to China after India signs trade deal with US: ‘Emergency call with Xi Jinping’ 06 Feb 2026 05:45 GMT

    … would continue to purchase Russian oil after reaching a trade deal … that the  discount of the ESPO blend that Russia ships from … Indian stance to reduce Russian oil."In recent months, Chinese … advantage of discounts on Russian oil, leading some to even …

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