ONGC sells May-June loading Russian Sokol crude to Shell – sources
Indian oil explorer ONGC Videsh has sold a cargo of Russian Sokol crude loading on May 30-June 5 at a premium within the price range for deals seen in the previous month, two sources said.
The 700,000-barrel cargo was sold to Shell at $3.50-$3.60 a barrel above Dubai quotes, they said.
Sokol cargoes started trade strong last month with a deal at a premium of more than $3.60 a barrel before slipping to premiums of $2.60-$2.80 at the end of the month, the sources said.
Source: Reuters (Reporting by Florence Tan; Editing by Rashmi Aich)