April-loading Russian Sokol oil premium rises to over 2-year high-sources

A man works at the PKN Orlen main oil refinery in Plock January 11, 2007. REUTERS/Peter Andrews

SINGAPORE, Feb 16 (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

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