Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Indian oil companies purchase 3 million barrels of crude oil, delivery to multiple ports in November

Indian oil companies purchase 3 million barrels of crude oil, delivery to multiple ports in November

智通财经智通财经2026/10/07 03:51
Show original

This week, several market traders reported that Indian oil companies procured 3 million barrels of Middle Eastern and West African crude oil through tenders, to be delivered to multiple ports in India in November. Trafigura sold 1 million barrels of Abu Dhabi Murban crude at a premium of $13–14 per barrel over Brent spot prices, with delivery to Vadinar; Mercuria sold 1 million barrels of Iraqi Basrah Medium crude at roughly flat to Brent spot prices, with delivery to Chennai; Chevron sold 1 million barrels of Angolan Nemba crude at a premium of $18 per barrel over Brent spot prices.

This week, several market traders reported that Indian oil companies procured 3 million barrels of Middle Eastern and West African crude oil through tenders, scheduled for delivery to multiple ports in India in November. Trafigura sold 1 million barrels of Abu Dhabi Murban crude at a premium of $13–14 per barrel to Brent spot price, with delivery to Vadinar; Macquarie sold 1 million barrels of Iraqi Basra Medium crude oil at roughly the same price as Brent spot, with delivery to Chennai; Chevron sold 1 million barrels of Angolan Nemba crude oil at a premium of $18 per barrel to Brent spot price.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!