ONGC sells June-loading Russian Sokol oil at highest premium in 4 months


ONGC sells June-loading Russian Sokol oil at highest premium in 4 months

* Indian explorer ONGC Videsh has sold a third Russian Sokol crude cargo for June loading via a tender, two trade sources said on Wednesday

* ONGC sold the 700,000-barrel cargo loading on June 20-26 to Shell at a premium of about $4.30 a barrel to Dubai quotes, the highest premium in four months, they said, up from earlier deals at premiums of $3.50-$3.70 a barrel

* A jump in Brent’s premium to Dubai quotes and robust demand in Asia are supporting spot differentials for Middle East and Russian crude Read More

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