ONGC sells January Russian Sokol crude at high premium

• Posted in OilGas
• on November 8, 2019
• No Comments.

Indian oil explorer ONGC Videsh sold one cargo of January-loading Russian Sokol crude at a premium of around $9.25 a barrel to Dubai quotes, hovering around its highest level since September 2013, two traders said on Friday

* The buyer of the cargo was likely trading house Glencore

* ONGC offered the 700,000-barrel cargo to load over Jan. 4-10

* Prior to this, ONGC sold one cargo of December-loading Russian Sokol crude at a premium of around $9.20-9.25 a barrel to Dubai quotes

Share This