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India’s ONGC sells January-loading Russian Sokol crude at 22-mth high premium -sources

Indian explorer ONGC Videsh has sold a cargo of Russian Sokol crude for loading in January at the highest premium in 22 months on robust demand in Asia, trade sources said on Monday.

The 700,000-barrel cargo was sold at a premium of about $7.50 a barrel to Dubai quotes, the highest premium since trades registered in January 2020 SOK-DUB , according to the sources and data on Refinitiv Eikon.

The buyer for the cargo loading on Jan. 8-14 was not immediately known.

ONGC last sold Sokol cargoes for December loading at $5.30-$5.90 a barrel.
Source: Reuters (Reporting by Florence Tan; Editing by Tom Hogue)

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