Singapore — Russia’s top oil producer Rosneft has sold ESPO Blend crude cargoes loading in the first half of January at premiums of around $7.00 a barrel to Dubai quotes last week, trade sources said on Tuesday
* The cargoes were offered for loading over Jan. 1-6, Jan. 6-11 and Jan. 11-16 in a spot tender closed last Tuesday with bids valid till last Friday
* The cargoes were sold to a trader and a Chinese buyer
* In the tender, Rosneft also offered an ESPO crude cargo for loading between Jan. 21-26 but did not award it due to low bids, traders said. The cargo was offered again in a second tender closed on Monday with bids valid till Wednesday
* Spot premiums for late January-loading ESPO Blend crude oil have dropped as Chinese refineries cut purchases before the Lunar New Year holidays and as refining margins fell
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- Reuters
