ResearchGlobal2026-09-30
Indian refiners chase ESPO and Lula as Dubai/Oman official premiums diverge
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.