ONGC offers Azeri Light crude via tender for first time
Explorer ONGC Videsh has offered a cargo of Azeri Light crude for the first time via a tender, a document showed on Friday. The company offered a 600,000-barrel cargo to load on August 29-31 from the Ceyhan terminal in Turkey, it said in the document. The tender will close on July 25 while bids will stay valid until a day later.
Chinas first gold ETFs raise $261 m, lag expectations
Chinas first two newly launched gold exchange-traded funds have raised a total of 1.6 billion yuan ($261 million) in their initial funding round, coming in below expectations due to sliding gold prices and a recent credit-crunch scare.