ResearchGlobal Markets2026-09-22
Asian premium structure loosens as ESPO and Dubai differentials diverge
Dubai spot premium held a narrow band while ESPO's premium over Dubai widened as Far East buying eased. Oman and Urals price off their own terms, so the seven grades no longer move in lockstep; USD/KRW at 1355.8 (-1.36) gives Korean and Japanese refiners a small buffer.