Key Russian Oil Grade Slumps as US Sanctions Hamper China Buying
Update: 2025-10-28
Description
US sanctions send shockwaves through Russian oil markets! Discover how new restrictions targeting Rosneft and Lukoil triggered a price crash for ESPO crude, a favorite of Chinese refiners. With giants like Sinopec canceling orders, can smaller teapot refiners pick up the slack? Will this lead to a global price spike or a reshuffling of Russia's oil trade? Get the inside scoop on this developing story.
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