ONGC sells Das crude at discount to Idemitsu for April-Sept arrival -sources
Indian oil explorer ONGC Videsh has sold a term contract of Das Blend crude to Idemitsu Kosan, Japan’s second-biggest refiner, at a discount to its official selling price(OSP), three trade sources told Reuters.
The term price was more than 10 cents a barrel below the crude grade’s OSP, two of the sources said.
ONGC offered the 2.9 million to 3 million barrels of Das Blend crude for delivery over April-September via a spot tender closed last week.
Source: Reuters (Reporting by Shu Zhang and Florence Tan; Editing by Clarence Fernandez)