ONGC sells Nov Sokol crude at highest premium in 2017: sources
SINGAPORE (Reuters) – 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 Nov. 18 to 24.
Reporting by Florence Tan; Editing by Christian Schmollinger