Singapore — Indian oil explorer ONGC Videsh has sold one cargo of Russian Sokol crude at a premium of $5.80 a barrel to Dubai quotes, two trade sources told Reuters on Tuesday.
Trading house Glencore was the buyer of the 700,000-barrel cargo, the sources said.
ONGC offered the cargo to load over Sept. 29 to Oct. 5.
Prior to this, Exxon Mobil sold three cargoes of September-loading Sokol at a premium of $5.20-$5.50 a barrel to Dubai quotes.
- Reuters
