ESPO crude differentials soar on fresh buying from India, China

Cash differentials of Russia’s ESPO Blend crude soared following fresh buying from India and Chinese major refiners, with the former heard seeking the Far East Russian grade following the expected production cuts for Urals crude. Indian refiners have collectively bought seven Russian ESPO Blend cargoes for April loading, according to sources. India last imported three ESPO Blend cargoes in November,…