Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources
Indian Oil Corp bypassed U.S. oil in its recent tender, opting for 2 million barrels of West African crude and 1 million barrels of Middle Eastern grade. The decision comes after previous purchases of U.S. oil, driven by a favorable arbitrage window.
Indian Oil Corp bypassed U.S. oil in its recent tender, opting for 2 million barrels of West African crude and 1 million barrels of Middle Eastern grade. The decision comes after previous purchases of U.S. oil, driven by a favorable arbitrage window.
What's Your Reaction?
