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China’s tepid ESPO crude demand puts Aframax rates under pressure, but USWC fixtures support Aframax tanker earnings have been under significant pressure in Asia as China’s private-sector refiners put the brakes on Far East Russian ESPO Blend crude procurement amid maintenance and high inventories, but a surprise surge in demand for the medium sweet crude from trading firms and end-users in the US West Coast could lend much-needed support to the tanker rates. China’s independent refining sector’s overall crude imports in April tumbled to a four-month low at 3.64 million b/d, or 14.92 million mt, due to heavy refinery maintenance and high feedstock inventories at ports, data collected by S&P Global Platts showed.

United statesKirovskaya oblastUnited arab emiratesAlex yapFar east russianKozmino north china aframaxAlaska north slopeKozmino north chinaEast asiaஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது அரபு அமீரகங்கள்அலெக்ஸ் யாப்இதுவரை கிழக்கு ரஷ்யஅலாஸ்கா வடக்கு சாய்வுகிழக்கு ஆசியா