India's Nayara Energy has a rare cargo of vacuum gasoil for Sept

India's Nayara Energy Offers Rare Cargo of Vacuum Gasoil for September Loading.

Expert Analysis:

• Rare Tender Issuance: As per the sources, Nayara Energy issued a rare tender for 70,000 metric tonnes of vacuum gasoil loading(VGO) with a maximum of 3% sulphur.

• Loading Schedule: Scheduled for loading from Vadinar Port in Gujarat state on the west coast of India between September 1 and 10.

• Historical Context: Based on data from Kpler & LSEG ship tracking, Last VGO cargo was exported during Vadinar maintenance in December 2022.

• Pricing and Tender Details: Sources indicated that the cargo is typically priced on a Dubai Crude basis. The latest tender will close on Thursday, with same-day validity.