EASTERN SIBERIA-PACIFIC OCEAN OIL (ESPO)

Description

Eastern Siberia Pacific Ocean Crude Oil (ESPO) is a high-quality crude oil sourced from the Eastern Siberian region of Russia and transported via pipeline to the Pacific Ocean for export. ESPO crude oil is known for its low sulfur content and high API gravity, making it a desirable feedstock for refineries worldwide.

It is characterized by its light and sweet properties, which result in efficient refining processes and high-quality end products such as gasoline, diesel, and jet fuel. ESPO crude oil is traded on global commodity markets and is a significant contributor to the energy supply chain, particularly in the Asia-Pacific region. It is valued for its consistent quality, reliability of supply, and favorable refining economics. Overall, ESPO crude oil plays a vital role in meeting global energy demand and supporting economic growth.