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SINGAPORE: Indian Oil Corp has purchased 3 million barrels of Abu Dhabi Murban crude for October loading via a tender, trade sources said on Friday.
The robust demand for Abu Dhabi light grades from India’s top refiner comes as the arbitrage window for US grades are shut for a second straight month.
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Vitol will supply 2 million barrels, while TotalEnergies sold the remaining 1 million barrels, the sources said.
Prices for these cargoes were not immediately known.