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Live Updates  >  Live Update Details

2026-09-16 14:52:08

[Indian Oil Corporation Tenders for 4 Million Barrels of Crude Oil from the Middle East and Africa, Delivered in November] (1) Trade sources say Indian Oil Corporation has tendered for 4 million barrels of crude oil from the Middle East and Africa, with delivery scheduled for November. (2) Purchased 1 million barrels of Iraqi Basra Heavy crude from Trafigura at a premium of approximately $14 per barrel over the October Dubai benchmark price. (3) Purchased 1 million barrels of Libyan Sarir/Messla blend from Mercuria at a premium of approximately $23 per barrel over the October Brent spot price. (4) Purchased 1 million barrels of Angolan Cabinda crude from Glencore at a premium of approximately $17 per barrel over the October Brent spot price. (5) Purchased 1 million barrels of Nigerian Utapate crude from Glencore at a premium of approximately $21 per barrel over the October Brent spot price.

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