Markets

India's ONGC sales premiums down on supply

Published September 19, 2012 Updated September 19, 2012 06:14am

 

The 35,000-tonne cargo is scheduled for loading on Oct. 3-4 from Hazira. Traders said tight supplies have eased, with India exporting more cargo as refinery maintenance was to end this month.

 

More European cargoes are also expected to arrive in Asia next month.

 

ONGC had previously sold a cargo out of Hazira for Sept. 23-24 loading at $39.30 a tonne premium to Unipec.

 

Copyright Reuters, 2012