Published by maria gbaf
Posted on February 16, 2022
1 min readLast updated: February 9, 2026
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SINGAPORE (Reuters) – 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.
SINGAPORE (Reuters) – 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 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.
(Reporting by Florence Tan; Editing by Christian Schmollinger)
Crude oil is a natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. It is extracted from the ground and refined into various products, including gasoline, diesel, and other petrochemicals.
In trading, a premium refers to the amount by which the price of a commodity or security exceeds its intrinsic value or market price. It often indicates the additional cost investors are willing to pay for a specific asset.
A cargo refers to the goods or products transported by a ship, aircraft, or other vehicle. It can include a variety of items, such as raw materials, finished products, or commodities like oil.
A trading platform is software used by traders to buy and sell financial instruments, such as stocks, bonds, and commodities. It provides tools for analysis, order execution, and portfolio management.
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