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Bloomberg: The Price of Russian Oil Has Soared

Summary by News-pravda.com
Bloomberg: The price of Russian oil has soaredThe asking price for Russian oil from the Pacific coast has increased dramatically. Chinese refineries are forced to buy it at an increasingly high price, as their access to Iranian oil is blocked by the...
DisclaimerRead with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

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The asking price for Russian crude oil surged as China ran out of options amid the US blockade of Iran. Bloomberg reported, citing traders, that the price of crude oil from Russia's Eastern Siberia-Pacific Ocean (ESPO) is rising, with Russia… Read the original news: Asking price for Russian oil surges after China is forced to buy due to lack of options.

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Chinese demand for Russian oil surges amid supply constraints

The increased Chinese demand for Russian oil amid supply constraints could drive global oil prices higher, impacting economic stability.

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BizToc broke the news on Thursday, September 10, 2026.
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