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Chinese Refiners Pay Record Premiums For Russian ESPO Crude

Chinese Refiners Pay Record Premiums For Russian ESPO Crude Authored by Irina Slav via OilPrice.com, Chinese refiners are paying a hefty premium for Russia's ESPO crude to replace Iranian crude that independent refiners were importing before the U.S. installed its naval blockade on the country. East Siberia-Pacific Ocean crude, or ESPO, for delivery in November is trading at a premium of over $7 per barrel, with offers reaching as high as $10 per barrel over Brent crude, Bloomberg reported today, citing traders. The blend is loaded from Russia's Far East coast and...
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Mar 12, 2026 / George D. O’Neill, Jr.
Gangster Foreign Policy  
Once again, we are embroiled in a new foreign war—not surprisingly at the behest of Benjamin Netanyahu. The Trump administration chose to enter this illegal war without the required congressional approval, as it did the illegal war against Venezuela.  The American people have for decades consistently voted against American participation in wars. A century ago, […]
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Apr 11, 2026 / Tyler Durden
Orban Warns "We Could Now Lose Everything": Sunday's Hungarian Elections Have Profound Implications For Europe
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May 13, 2026 / Tyler Durden
Gamma And Momentum: A Recipe For Cheers And Tears
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