Russian ESPO Blend oil freight rates fall as tanker availability improves, traders say

Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China have fallen 50% in early February from mid-January levels as a shortage of tankers following U.S. sanctions on the fleet shipping Russian oil eased, four traders said. The cost of transporting ESPO Blend from the port in the far east …

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