ResearchGlobal2026-09-27
Indian refiners chase replacement parcels: the Asian-premium game on ESPO and Lula
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.