Singapore — Indian oil explorer ONGC Videsh has sold a cargo of Russian Sokol crude at a premium of about $5.75 a barrel to Dubai quotes via a tender, two trade sources told Reuters on Wednesday.
Oil major Chevron is believed to be the buyer of the 700,000-barrel cargo, the sources said, declining to be identified as they were not authorised to speak to media on the matter.
ONGC offered the cargo to load between Oct. 25 and Oct. 31.
Earlier this month, ONGC sold its second cargo to be loaded over Oct. 12-18 at a premium of about $5.65 a barrel to Dubai quotes.
Companies do not typically comment on such transactions.
