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

Published by maria gbaf

Posted on February 16, 2022

1 min read

· Last updated: February 9, 2026

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Oil refinery worker at PKN Orlen amidst rising Russian Sokol oil premiums - Global Banking & Finance Review
An oil refinery worker is seen at PKN Orlen, highlighting the recent surge in Russian Sokol crude oil premiums. The article discusses the significant price increase following recent trades, a key topic in the banking and finance sector.
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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. The cargo for April 19-25 loading was sold to Glencore at a premium of $7.80-$7.90 a barrel to Dubai […]

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)

Frequently Asked Questions

What is crude oil?
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.
What is a premium in trading?
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.
What is a cargo in shipping?
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.
What is a trading platform?
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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