Russian Far East Crude Tops $120 Per Barrel as Middle East Supply Shocks Drive Chinese Demand

The buying spree pushed the ESPO grade’s price premium over benchmark ICE Brent to record levels of $20 to $30 per barrel.

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Sep 18, 2026 - 15:58
Russian Far East Crude Tops $120 Per Barrel as Middle East Supply Shocks Drive Chinese Demand
The buying spree pushed the ESPO grade’s price premium over benchmark ICE Brent to record levels of $20 to $30 per barrel.
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