H1-March cargoes of 70,000 tons fetch lower premiums for ONGC

Oil and Natural Gas Corp (ONGC) has fetched a lower premium on volumes of 70,000 tons for H1-March lifting, due to softer demand. 35,000 tons of heavy naphtha for March 9-10 loading from Hazira port to Shell fetched a premium of about US$27/ton to Middle East quotes on a FOB basis. An equal volume for March 6-7 loading from Mumbai port to Total fetched a premium of around US$20/ton, FOB. These premiums are much lower than the US$35-34/ton on earlier cargoes. Demand has been deteriorating on upcoming cracker maintenance in Japan and South Korea.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha