18-10-2024 10:01 AM | Source: Reuters
India's IOC buys U.S. WTI crude for January delivery
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Indian Oil Corp, the country's largest refiner, has bought 4 million barrels of U.S. West Texas Intermediate crude via a tender for January delivery, trade sources said on Friday.
Occidental and Mitsui sold 2 million barrels of WTI each at about $3 a barrel above dated Brent on cost and freight basis, they said.
The refiner had sought to buy sweet crude from West Africa or North America in the tender.
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