Indian Oil Corporation, India’s largest refiner, has purchased 3 million barrels of sweet crude for November delivery, according to trade sources.
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TATIANA MEEL/Reuters
Indian Oil Corp , the country’s top refiner, has bought 3 million barrels of sweet crude for November delivery via a tender, trade sources said on Friday.
The purchase included 2 million barrels of U.S. West Texas Intermediate Midland crude from Totsa and 950,000 barrels of Nigerian Agbami crude from Chevron, they added.
The WTI cargo was sold at about $3.50 a barrel above dated Brent on delivery at port basis to Vadinar, one of the sources said, while the price for the Agbami cargo was not immediately available.
Published on September 19, 2025