ESPO: all of a sudden it's in the news. LOL. Again, I can't thank enough the reader who pointed me in this direction. All things ESPO at this post.
Again, the Kamala Harris explanation:
- Russia has two main brands of oil: ESPO and Urals
- ESPO: goes to Asia -- China, Japan, Korea
- Urals: goes to Europe (not so much any more)
- $60-cap applies to sea-going tankers
- pronouns for Russian oil: it / they
Today:
- Russia's Urals averaged $57 / bbl, last month (Nov 15 - Dec 14, 2022)
- Russia's ESPO: oil tanker owners show signs of shunning Russia's Asian crude
- shipbrokers say it's proving hard to find tankers for ESPO oil
- tanker tracking points to decline in exports from Kozmino
- Kozmino? Map here.
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