On 30 Sept in Asian spot, Indian refiners Reliance and IOC step up ESPO and Brazil Lula buying, squeezing Middle East spot premiums; Dubai/Oman official premiums diverge, so Far-East landed values no longer move in lockstep. SNSUC's seven-product resale margin must be re-rated parcel by parcel.

Brent at $97.48 and WTI at $92.34 leave a $5.15 Brent-WTI spread. With Middle East sour curbs expected, Indian refiners are shifting purchases to ESPO, Lula and other replacements, repricing the Asian premium.