ESPO
ESPO Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-17 | $70 | 510 | 518 | 1.66 |
| 2023-02-16 | $71 | 522 | 530 | 1.7 |
| 2023-02-15 | $70 | 513 | 522 | 1.67 |
| 2023-02-14 | $71 | 523 | 532 | 1.7 |
| 2023-02-13 | $71 | 521 | 530 | 1.69 |
| 2023-02-10 | $70 | 515 | 523 | 1.67 |
| 2023-02-09 | $71 | 519 | 527 | 1.69 |
| 2023-02-08 | $70 | 511 | 519 | 1.66 |
| 2023-02-07 | $69 | 503 | 511 | 1.63 |
| 2023-02-06 | $66 | 487 | 495 | 1.58 |
| 2023-02-03 | $69 | 507 | 516 | 1.65 |
| 2023-02-02 | $71 | 523 | 532 | 1.7 |
| 2023-02-01 | $75 | 546 | 555 | 1.77 |
| 2023-01-31 | $72 | 530 | 539 | 1.72 |
| 2023-01-30 | $74 | 542 | 551 | 1.76 |
| 2023-01-27 | $76 | 557 | 566 | 1.81 |
| 2023-01-26 | $75 | 548 | 557 | 1.78 |
| 2023-01-25 | $75 | 549 | 558 | 1.78 |
| 2023-01-20 | $75 | 552 | 561 | 1.79 |
| 2023-01-19 | $73 | 534 | 542 | 1.73 |
| 2023-01-18 | $75 | 550 | 559 | 1.79 |
| 2023-01-17 | $74 | 542 | 551 | 1.76 |
| 2023-01-16 | $73 | 536 | 544 | 1.74 |
| 2023-01-13 | $72 | 530 | 538 | 1.72 |
| 2023-01-12 | $71 | 521 | 529 | 1.69 |
| 2023-01-11 | $69 | 504 | 512 | 1.64 |
| 2023-01-10 | $68 | 498 | 506 | 1.62 |
| 2023-01-09 | $68 | 500 | 508 | 1.62 |
| 2023-01-06 | $66 | 485 | 492 | 1.57 |
| 2023-01-05 | $66 | 483 | 491 | 1.57 |
ESPO Historical price
- In 2017 maximum price $68 per bbl (2017-12-29)
- In 2018 maximum price $56 per bbl (2018-12-28)
- In 2019 maximum price $73 per bbl (2019-12-31)
- In 2020 maximum price $54 per bbl (2020-12-31)
- In 2021 maximum price $80 per bbl (2021-12-31)
- In 2022 maximum price $70 per bbl (2022-12-30)
- In 2023 maximum price $70 per bbl (2023-02-17)
ESPO Crude Oil: An In-Depth Look at One of the World's Most Valuable Commodities
Crude oil, also known as petroleum, is one of the most valuable commodities in the world and plays a significant role in the global economy. One of the key players in the crude oil industry is the Eastern Siberia-Pacific Ocean (ESPO) crude oil. In this article, we will delve into the ESPO crude oil and explore its characteristics, production, and significance.
Characteristics of ESPO Crude Oil
The ESPO crude oil is a high-quality and light sweet crude oil with low sulfur content. This type of crude oil is considered to be of premium quality, making it highly sought after by refineries around the world. The low sulfur content of the ESPO crude oil means that it produces fewer pollutants during the refining process, making it a more environmentally friendly option.
Production and Export of ESPO Crude Oil
ESPO crude oil is produced in the Eastern Siberian region of Russia and transported through the ESPO pipeline to the Pacific Ocean. From there, it is exported to countries in Asia, including China, Japan, and South Korea. The ESPO crude oil is considered to be one of the main sources of crude oil for these countries and plays a significant role in their energy security.
Significance of ESPO Crude Oil
ESPO crude oil is not only significant for the countries that import it, but it also plays a crucial role in the global oil market. As one of the highest-quality types of crude oil, it sets a benchmark price for other types of crude oil, influencing the prices of other oil products.
Moreover, the ESPO crude oil is also important for Russia, as it provides the country with significant revenue and helps to strengthen its position as one of the largest oil producers in the world.
In addition, the development of the ESPO pipeline and the production of ESPO crude oil have also helped to spur economic growth and job creation in the Eastern Siberian region of Russia.
Conclusion
In conclusion, ESPO crude oil is a valuable commodity that plays a significant role in the global economy. With its high-quality characteristics, production, and significance, it is no wonder that ESPO crude oil is highly sought after by countries around the world. As the demand for energy continues to grow, the ESPO crude oil will likely continue to play a crucial role in the global oil market and provide benefits to both producers and consumers.
Frequently Asked Questions About ESPO Crude Oil
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What is ESPO crude oil? ESPO crude oil is a high-quality and light sweet crude oil produced in the Eastern Siberian region of Russia and exported to countries in Asia through the ESPO pipeline.
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Why is ESPO crude oil considered to be of premium quality? ESPO crude oil is considered to be of premium quality due to its low sulfur content, making it a more environmentally friendly option and highly sought after by refineries around the world.
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How does ESPO crude oil influence the global oil market? As one of the highest-quality types of crude oil, ESPO crude oil sets a benchmark price for other types of crude oil, influencing the prices of other oil products in the global market.
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What benefits does the production of ESPO crude oil bring to Russia? The production of ESPO crude oil provides Russia with significant revenue and helps to strengthen its position as one of the largest oil producers in the world. It also spurs economic growth and job creation in the Eastern Siberian region.
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How does the ESPO pipeline contribute to energy security in Asia? The ESPO crude oil is considered to be one of the main sources of crude oil for countries in Asia, including China, Japan, and South Korea, and plays a significant role in their energy security.
In conclusion, ESPO crude oil is a valuable commodity that plays a significant role in the global economy and energy market. Whether you are a producer, consumer, or just interested in the oil industry, it is important to understand the characteristics, production, and significance of ESPO crude oil.
