In a bid to avoid getting caught in a weaker market, India’s Oil & Natural Gas Corp (ONGC) has doubled the volume it usually trades in one spot tender. ONGC has offered 70,000 tons of naphtha for Auguust loading, in a bid to sell as much as it can before sentiment worsens as demand weakens, as per Reuters.
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Friday, July 16, 2010
ONGC doubles volume of naphtha for August from usual levels
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