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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, they said.

September 22, 2017 / 09:34 AM IST
A technician is pictured inside a desalter plant of Oil and Natural Gas Corp (ONGC) on the outskirts of Ahmedabad, India, September 30, 2016. Picture taken September 30, 2016. REUTERS/Amit Dave  - RTSS6X9

A technician is pictured inside a desalter plant of Oil and Natural Gas Corp (ONGC) on the outskirts of Ahmedabad, India, September 30, 2016. Picture taken September 30, 2016. REUTERS/Amit Dave - RTSS6X9

India's 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.
first published: Sep 22, 2017 09:25 am
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