EUR/CNY fell to 7.4829 (-0.7652) and EUR/USD to 1.1162 (-0.7558). A weaker euro raises European refinery import cost and squeezes resale margin into Europe, while Asian buyers step up for ESPO and Lula, rebalancing the Asia premium.

Reliance and IOC sweep ESPO and Lula, lifting the Asian light-sweet premium; USD/JPY and USD/KRW both fall, easing Northeast Asian dollar procurement cost as ESPO and Oman premiums diverge.