Sunday, December 04, 2011

India’s ONGC secures higher premiums for December naphtha

Oil & Natural Gas Corp Ltd (ONGC) has sold 35,000 tons of December naphtha to Cargill at about US$11/ton above Middle East quotes on a free-on-board (FOB) basis, as per Reuters. The premium amount is higher than the US$9/ton premiums received for a November sale.

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