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Rosneft Said to Sell 100,000 Tons of Sokol Crude to Vitol

Rosneft Oil Co. sold Russia’s Sokol crude for loading in March to Vitol Group at a premium to the Dubai benchmark of about $9 a barrel, according to four traders who participate in the market. They declined to be identified because the information is confidential.

Details of the sale are as follows:

Crude:        Sokol (Russia)
Buyer:        Vitol
Quantity:     100,000 tons, or 730,000 barrels
Loading:      March 17-26
Port:         DeKastri Terminal, Russia’s Far East
Price:        About $9 a barrel premium to Dubai crude price
              published by pricing service Platts.

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