ONGC sells May-June stacking Russian Sokol crude to Shell (ADVANCE TRADING)


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Indian oil wayfarer ONGC Videsh ONVI.NS has sold a freight of Russian Sokol crude stacking on May 30-June 5 including some hidden costs inside the value run for arrangements found in the earlier month, two sources said on Thursday

The 700,000-barrel payload was sold to Shell (LON:RDSa) at $3.50-$3.60 a barrel above Dubai cites, they said

Sokol cargoes began exchange solid a month ago with an arrangement at a higher cost than expected of more than $3.60 a barrel before slipping to premiums of $2.60-$2.80 toward the month’s end, the sources said CRU/TENDA.