By
Gas oil cracks held at a one-week high as signs of firm spot demand from India and Vietnam outweighed the prospect of lower Japanese imports. The Song Doc cargo was sold to an oil major at a premium of $10.50-$11.00 a barrel to Minas formula, a person with direct knowledge of the deal said. In the previous Song Doc tender, PV Oil sold an April-loading cargo of the same size to ExxonMobil at a record premium of more than $7.50 a barrel to the Minas formula, traders said at the time.