FOX LIVE NEWS UPDATE
Indian Oil buys 6 mln bbl of U.S. oil for Nov to Jan delivery
Aug 8 (Reuters) – Indian Oil Corp IOC.NS , the country’s top refiner, will buy 6 million barrels of U.S. crude for November to January delivery through a mini-term tender, its head of finance said on Wednesday.
The was the company’s first mini-term tender to buy U.S. oil, the executive, A.K. Sharma, said.
The company would buy 2 million barrels of Mars oil in November, a combination cargo containing 1 million barrels each of Eagle Ford and Mars in December and 2 million barrels of Louisiana Light Sweet in January, he said.
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