Gold Silver Reports (GSR) – Russia’s Surgut Awards Shell with 1.2 Million Tonnes of Urals Oil in Tender: Trade – According to market participants, the premium to the price formula paid by the winner was a touch above $0.30 a barrel, slightly below the price level achieved in the previous tender.
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Russia’s Surgutneftegaz has awarded a tender on Monday to sell 1.2 million tonnes of Urals crude oil loading from Baltic ports in July-December to Shell, traders said. Shell will receive 200,000 tonnes of Urals per month from Primorsk or Ust-Luga. Shell was also the winner of Surgutneftegaz previous tender for Urals loading in January-June.
