Business

ONGC had offered 5.5 million to 6 million barrels of Das crude in the tender.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 in 2015, trade sources said on Friday, signalling strong need for light sour crude.This is the 2nd consecutive year that the European trader has actually won the tender.
Trafigura will pay more than 30 cents a barrel above the crude's main market price (OSP) for the products, the sources stated, up from premiums of 15-20 cents last year.ONGC had actually used 5.5 million to 6 million barrels of Das crude in the tender.





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