March loading cargoes of Russia's Espo-blend oil for delivery to China are trading at a discount of USD 7-8/bbl vs Brent, sources report
Newsquawk Staff ·
March loading cargoes of Russia's Espo-blend oil for delivery to China are trading at a discount of USD 7-8/bbl vs Brent, sources report.
What it means
The report indicates that March loading cargoes of Russia's Espo-blend oil are trading at a significant discount to Brent, which could indicate pressure on Russian oil prices due to sanctions or geopolitical factors. This discount may attract buyers but also reflects potential risks in the trade dynamics, influencing broader oil market sentiment and potentially impacting related currencies and commodities.
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
Related headlines
- US Midterms Cheat Sheet for Traders5 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-165 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 days ago
- Newsquawk Daily Economic Releases - 4th November 20265 days ago
- US and Venezuela discuss fresh aluminium cargo amid trade revival, reports Bloomberg5 days ago
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)5 days ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.37 LOWER AT 96.09/BBL5 days ago
- Venezuela's October oil exports 1.08mln bpd, almost unchanged, according to shipping data5 days ago
- ECB’s Sleijpen says the Iran shock is more persistent than earlier thought but we don’t really see second-round effects yet5 days ago
- The Mosaic Company (MOS) Q3 2026 (USD): Adj. EPS -0.19 (exp. -0.01), Revenue 3.1bln (exp. 3.05bln)5 days ago
- Advanced Micro Devices Inc. (AMD) Q3 2026 (USD): Adj. EPS 2.09 (exp. 1.95), Revenue 13.4bln (exp. 13.1bln)5 days ago
- Block Inc. (XYZ) Q3 2026 (USD): Adj. EPS 1.13 (exp. 1.03), Revenue 6.72bln (exp. 6.58bln)5 days ago
- Arista Networks Inc. (ANET) Q3 2026 (USD): Adj. EPS 1.20 (exp. 1.08), Revenue 3.66bln (exp. 3.33bln)5 days ago
- Super Micro Computer Inc. (SMCI) Q1 2027 (USD): Adj. EPS 1.81 (exp. 1.20), Revenue 19.9bln (exp. 16.02bln)5 days ago