Sinopec is sharply increasing purchases of Russian ESPO crude to offset unreliable Middle Eastern supplies.

Sinopec increases Russian oil imports to counter Middle East disruptions. Crude oil reaching a new all-time high by December 31 at 11.5% YES.

By Chen Aizhu, Siyi Liu and Trixie YapSINGAPORE, Aug 6 (Reuters) - China's state-owned Sinopec Corp, the world's biggest refiner, has ramped up purchases of Far East Russian oil…