Markets

Saudi sells India more crude after Iran cuts supply: sources

Published July 26, 2011 Updated July 26, 2011 08:07am

"Saudi Aramco has confirmed the supply of additional volumes to Indian refiners," one of the sources said. "One million barrels each to Bharat Petroleum, Essar and Hindustan Petroleum. It is a mix of Arab light, Arab Heavy and Arab Medium."

Sources at Indian refiners Hindustan Petroleum Corp (HPCL), Bharat Petroleum Corp (BPCL) and Essar Oil said that state oil giant Aramco had confirmed it would supply each of them with an additional 1 million barrels of crude in August.

 

Copyright Reuters, 2011