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Indian Oil And Gas Company Sells Russian Sokol Crude Oil At A Higher Premium Price
Oct 22, 2018

Trade sources said on the 18th that the Indian exporter, ONGC Videsh, sold Russian Sokol crude oil, which will be shipped in December at a higher price than the previous transaction price, due to the strong demand for distillate-rich crude oil.

They said that the 700,000 barrels of Sokol crude oil will be shipped on December 20th to 26th , and the price is Dubai's offer of 5.60-5.70 US dollars per barrel, the buyer is Petro-Diamond.

The price that last time GC Videsh sold one shipload of Sokol crude oil to Shell was Dubai's price premium of 5.40 US dollars per barrel.

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