Rosneft Said to Sell November Sokol at $7.40 to $7.60

(Corrects prices in first and second paragraph.)

OAO Rosneft (ROSN) sold a cargo of Russia’s Sokol crude to SK Innovation Corp. loading Nov. 16 to Nov. 25 at a premium of $7.40 to $7.50 a barrel more than benchmark Dubai prices, said three people who participate in the market, asking not to be identified because the information is confidential.

Glencore International Plc (GLEN) bought a Nov. 7 to Nov. 16 Sokol cargo at a premium of about $7.60 a barrel, one of the people said.

Details of the deal are as follows:

Crude:         Sokol (Russia)
Quantity:      2 x 95,000 metric tons
Buyer:         Glencore
               (Nov. 7 to Nov. 16. Premium of about $7.60.)
               SK Innovation
               (Nov. 16 to Nov. 25. Premium of $7.40 to $7.50.)
Seller:        Rosneft

To contact the reporters on this story: Jake Rudnitsky in Moscow at; Ramsey Al-Rikabi in Singapore at

To contact the editor responsible for this story: Mike Anderson at

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