BR100 Decreased By (-0.9%)
BR30 Decreased By (-1.01%)
KSE100 Decreased By (-0.6%)
KSE30 Decreased By (-0.64%)
AGHA 7.68 Decreased By ▼ -0.13 (-1.66%)
BECO 5.15 Decreased By ▼ -0.06 (-1.15%)
BML 57.70 Increased By ▲ 0.20 (0.35%)
BOP 33.99 Decreased By ▼ -0.04 (-0.12%)
CNERGY 9.99 Increased By ▲ 0.03 (0.3%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.20 Decreased By ▼ -1.50 (-2.74%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.29 Decreased By ▼ -0.11 (-1.49%)
KOSM 5.80 Increased By ▲ 0.03 (0.52%)
LOTCHEM 29.15 Decreased By ▼ -0.17 (-0.58%)
MLCF 92.50 Decreased By ▼ -1.86 (-1.97%)
NBP 201.90 Decreased By ▼ -1.15 (-0.57%)
NCPL 56.90 Decreased By ▼ -0.10 (-0.18%)
NPL 66.90 Decreased By ▼ -0.80 (-1.18%)
OGDC 314.30 Decreased By ▼ -1.54 (-0.49%)
PACE 10.55 Decreased By ▼ -0.09 (-0.85%)
PAEL 42.28 Decreased By ▼ -0.92 (-2.13%)
PIBTL 16.50 Decreased By ▼ -0.24 (-1.43%)
PPL 215.90 Decreased By ▼ -3.88 (-1.77%)
PRL 51.13 Increased By ▲ 1.94 (3.94%)
PTC 69.87 Decreased By ▼ -0.66 (-0.94%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.74 Decreased By ▼ -0.12 (-1.22%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 18.41 Increased By ▲ 0.17 (0.93%)
TPLP 13.62 Increased By ▲ 0.35 (2.64%)
TREET 22.49 Decreased By ▼ -0.23 (-1.01%)
TRG 59.38 Decreased By ▼ -0.76 (-1.26%)
By

SINGAPORE: State refiner Indian Oil Corp (IOC) has bought two million barrels of U.S. West Texas Intermediate crude for October delivery, three trade sources said on Friday.

It purchased the cargoes from Mercuria at a premium of $2.80-2.90 a barrel to dated Brent, they added, speaking on condition of anonymity.

India’s IOC buys 7 million barrels US, Mideast crude after Russian oil pause

IOC recently snapped up crude from the United States, Canada and the Middle East as U.S. President Donald Trump ramped up pressure on India for purchases of Russian oil ahead of talks with President Vladimir Putin to reach a ceasefire in Ukraine.

Comments

Comments are closed for this article.