ONGC sells June-loading Russian Sokol low at file nick price: Sources

Quiz for low grades like Sokol, which yields more center distillates akin to jet gas and gas oil after refining, has weakened sharply.

Indian oil explorer ONGC Videsh has supplied one cargo of Russian Sokol low for loading between June 2-8 at a file nick price of spherical $8 a barrel to Dubai quotes, two alternate sources said on Monday.

That is the lowest designate differential ever recorded, in line with Refinitiv Eikon records beginning from 2011.

Quiz for low grades like Sokol, which yields more center distillates akin to jet gas and gas oil after refining, has weakened sharply. Final month, ONGC supplied a Sokol low cargo Might per chance per chance per chance 22-28 at a predicament top class of spherical $3.20 a barrel to Dubai quotes.

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First Printed on Apr 6, 2020 09: 58 am

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