India’s ONGC fails to sell Russian May-loading Sokol crude as buyers shy away: sources

India’s state-owned Oil and Natural Gas Corporation failed to attract buyers in its tender to sell a May-loading Russian Sokol crude cargo amid increasing signs that financial sanctions, logistical issues and reputational risks are turning companies cautious about trading Russian oil. ONGC had offered 700,000 barrels of Sokol crude for loading over May 2-8 via a tender that closed on…