Oil Tanker News

Russian ESPO Oil Tanker Waits Near China As Demand Weakens

The Big Star, a huge tanker with 2.1 million barrels of Russia's ESPO Blend oil onboard, has been waiting near China in a potential sign of weaker demand for the crude in the region, LSEG data showed and two traders said on Friday.Many state oil companies in China are wary of potential secondary sanctions from the United States if they buy the sanctions-hit Russian oil, traders said.China's seaborne oil imports from Russia dropped to the lowest in 26 months in February…