India`s ONGC sells 2022 Das crude supplies to Trafigura
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
SINGAPORE - Indian oil explorer ONGC Videsh has sold Abu Dhabi's Das crude supplies for 2022 to Trafigura via a tender at a stronger premium than last year, trade sources said on Friday, signalling strong demand for light sour crude.
This is the second consecutive year that the European trader has won the tender.
Trafigura will pay more than 30 cents a barrel above the crude's official selling price (OSP) for the supplies, the sources said, up from premiums of 15-20 cents last year.
ONGC had offered 5.5 million to 6 million barrels of Das crude in the tender.
