China, which is set to import record volumes of Russian crude in March, typically sweeps up all of the ESPO crude exported from the Pacific port of Kozmino due to close proximity while sanctions on Russian oil have shrunk the pool of buyers.
However, for April, Indian refiners Reliance Industries Ltd and Nayara Energy have snapped up at least five of the about 33 ESPO crude cargoes due to low prices, four people familiar with the matter said.
Reliance and Nayara did not immediately respond to requests for comment.
That is up from one cargo for March delivery, its first since buying three for November 2022, ship-tracking data compiled by Kpler and Refinitiv showed.
One of the sources said prices for April loading ESPO crude to India were about $5 a barrel below Dubai quotes on a delivered ex-ship (DES) basis.
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Bu hikaye Hindustan Times dergisinin March 10, 2023 sayısından alınmıştır.
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