Spot premiums for Russian Sokol crude loading in April jumped to their highest in more than two years after India’s ONGC Videsh sold a cargo via a tender, trade sources said on Wednesday.
The cargo for April 19-25 loading was sold to Glencore (LON:GLEN) at a premium of $7.80-$7.90 a barrel to Dubai quotes, they said.
This is the highest premium for the Russian grade since January 2020, Refinitiv data showed.
Source: Reuters