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Russian oil selling at $79/barrel in Asia on Monday, well above price cap
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(Reuters) - Russia's ESPO oil blend from the Far Eastern port of Kozmino was selling for around $79 a barrel in Asian markets on Monday - almost a third higher than the price cap imposed on Russian oil by the G7 and European Union - according to Refinitiv data and estimates from industry sources.
(Reuters) – Russia’s ESPO oil blend from the Far Eastern port of Kozmino was selling for around $79 a barrel in Asian markets on Monday – almost a third higher than the price cap imposed on Russian oil by the G7 and European Union – according to Refinitiv data and estimates from industry sources.
Russia exports up to 65 million tons of ESPO Blend oil per year via the Eastern Siberia-Pacific Ocean (ESPO) pipeline, including up to 35 million tons through the port of Kozmino.
(Reporting by Reuters)
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