Restricted avails due to a dearth of arbitrage cargoes has pushed up the premiums realized by India's Oil & Natural Gas Corp (ONGC) and Reliance Industries.
ONGC has realized a premium of US$27/ton oon a 35000 ton parcel by tender for April 1-2 loading from Mumbai to Itochu to Middle East quotes on FOB basis.
For more details on ONGC and Reliance sell naphtha at stronger premiums click here
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