Indian Oil buys 1 million barrels of Merey crude oil for November, sources say
22/09/2026 14:52
Indian Oil buys 1 million barrels of Merey crude oil for November, sources say NEW DELHI/SINGAPORE, Sept 22 (Reuters) - Indian Oil Corp, the country's biggest refiner, has bought 1 million barrels of Venezuela's Merey crude oil for November delivery from trader Trafigura, two trade sources said.
IOC purchased the cargo at a discount of $1 to $1.50 per barrel to dated Brent, one of the sources said.
Companies typically do not comment on tender details.
(Reporting by Nidhi Verma and Florence Tan
Editing by David Goodman
)
((nidhi.verma@thomsonreuters.com; X: @nidhi712;))
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