The price of Russian ESPO oil exceeded $141 per barrel, reaching a new high since 2009, and its premium over Brent reached a record high of $31, Nikkei Asia writes. The price of Ural export grade also rose to $119 per barrel in October, with a record premium of $19. The increase in bids is due to high demand from China and India amid supply disruptions to the Middle East and historically high tanker freight rates, making logistics from Russia more profitable.