-
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 …