Tuesday, October 26, 2021

ONGC Videsh sells 2022 Abu Dhabi Das Crude supplies to Trafigura: report

ONGC had offered 5.5 to 6 million barrels of Das crude in the tender.

Indian oil explorer ONGC Videsh has sold 2022 Abu Dhabi Das crude supplies to Trafigura via a tender at a higher premium than last year, trade sources said on Friday, signaling strong demand. of light corrosive crude.

This is the second year in a row that the European trader has won the call for tenders. Trafigura will pay more than 30 cents a barrel above the official crude selling price (OSP) for supplies, the sources said, against premiums of 15 to 20 cents last year.

ONGC had offered 5.5 to 6 million barrels of Das crude in the tender.

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