Indian Oil buys 3 million barrels of Urals for May loading – trade sources

Indian Oil Corp, the country’s top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading, trade sources said.

Urals crude has been purchased from trader Vitol on delivered basis at a “discount”, they said.

This is the second purchase of Urals by IOC since Russia invaded Ukraine on Feb. 24. It bought similar volumes of Urals from Vitol earlier this month for delivery in May.