RussiaSanctioned Russian crude sells above Brent as China and India buy.
Sanctions have not discounted Russian barrels, and buyers are paying up for them.
Higher shipping costs have Asian buyers looking for supplies closer to home.
The US Energy Information Administration cites Gulf tanker attacks and limited shipping capacity for October’s third monthly price rise.
The agency expects Brent near $100 a barrel by year-end and $85.78 on average in 2027.
How each outlet framed it
drawn from 150+ reports worldwide
- Nikkei Asia
- reports the record premium over Brent as Asian buyers shift to closer supply due to higher shipping costs, linking it to tanker rate surges
- TASS
- cites EIA's raised 2026 Brent forecast to $97.44 and the 2027 $85.78 projection, tying the rise to Persian Gulf tanker attacks
Sources: Nikkei Asia, TASS