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Indian Oil Corporation invites bids to purchase 3 million barrels of Middle Eastern and West African crude oil for November delivery

Indian Oil Corporation invites bids to purchase 3 million barrels of Middle Eastern and West African crude oil for November delivery

智通财经智通财经2026/10/07 04:06
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(1) This week, several market traders reported that Indian oil companies purchased 3 million barrels of Middle Eastern and West African crude oil through tenders, which will be delivered to multiple ports in India in November. (2) Trafigura sold 1 million barrels of Abu Dhabi Murban crude oil at a premium of $13-14 per barrel over the Brent spot price, with delivery to Vadinar. (3) Macquarie sold 1 million barrels of Iraqi Basrah Medium crude oil at approximately the Brent spot price, with delivery to Chennai. (4) Chevron sold 1 million barrels of Angolan Nemba crude oil at a premium of $18 per barrel over the Brent spot price.

(1) Several market traders stated this week that Indian oil companies purchased 3 million barrels of Middle Eastern and West African crude oil through tenders, which will be delivered to multiple ports in India in November. (2) Trafigura sold 1 million barrels of Abu Dhabi Murban crude at a premium of 13 to 14 USD/barrel over Brent spot prices, with Vadinar as the delivery location. (3) Macquarie sold 1 million barrels of Iraq Basrah Medium crude at roughly the same price as Brent spot prices, with Chennai as the delivery location. (4) Chevron sold 1 million barrels of Angola Nemba crude at a premium of 18 USD/barrel over Brent spot prices.
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