Kazakhstan CPC Blend oil heads to Asia as European demand eases, sources say

Reuters, July 18, 2025 – Asian refiners are increasing purchases of Kazakhstan’s CPC Blend crude for August loading, responding to reduced European demand which has widened CPC Blend discounts by approximately $1 per barrel compared to the previous month. This pricing disparity presents arbitrage opportunities, supported by a narrower Brent-Dubai spread, making Atlantic Basin grades more cost-effective for Asian markets. Major Asian refiners including Unipec, SK Energy, GS Energy, and Reliance Industries have each secured substantial volumes, with CPC Blend prices positioned competitively against Murban crude, impacted by supply diversions to domestic refineries in Abu Dhabi.