Business Standard

ONGC sells Nov Sokol crude at highest premium in 2017: sources

The 700,000-barrel cargo was sold to Vitol at a premium of $4.50 a barrel above Dubai quotes

oil, crude, ONGC, oil firms

Reuters Singapore

India's Oil and Natural Gas Corporation (ONGC) Videsh has sold a cargo of Russian Sokol crude loading in November at its highest premium in 2017 on robust demand in Asia, two trade sources said on Friday.

The 700,000-barrel cargo was sold to Vitol at a premium of $4.50 a barrel above Dubai quotes, they said.

The cargo will load on November 18 to 24.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 22 2017 | 11:56 AM IST

Explore News