Russia faces a complex task in balancing supplies to the east and the west as it aims to boost oil shipments to Asia-Pacific.
The world’s largest crude producer must maintain the quality of Urals in the west, without significantly altering the quality of ESPO Blend to the east. It must also meet growing long-term requirements from China, satisfy solid spot demand from other base-load buyers in Asia-Pacific and supply increasing amounts of crude to domestic refineries.
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