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ONGC sells Dec Russian Sokol crude at highest premium since Jan 2020

Indian explorer ONGC Videsh has sold a cargo of Russian Sokol crude loading in December at the highest premium since January 2020


Reuters  |  SINGAPORE 

Representative Image

SINGAPORE (Reuters) - Indian explorer Videsh has sold a cargo of Russian Sokol crude loading in December at the highest premium since January 2020, trade sources said on Wednesday.

The 700,000-barrel cargo was sold to European trader Mercuria at $5.30 a barrel above Dubai quotes, they said.


(Reporting by Florence Tan; Editing by Christopher Cushing)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, October 13 2021. 09:23 IST