Crude oil demand from Chinese refineries slowed down in June, amid poor refining margins and ample stocks, market sources told S&P Global Platts over the week starting June 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Reflecting the fading demand, premiums for Russian ESPO Blend crude, a favorite grade among Chinese independent refiners, have eased, traders said. An August-loading cargo of the crude was heard sold at a premium of around $3.50/b to Platts Dubai crude assessment, FOB basis during the week beginning June 21, down from premiums of around $3.70-$3.80/b to Dubai traded during the week beginning June 14. Premiums for Middle East sour crude grades have also eased. A July-loading cargo of Iraq’s Basrah Light […]