Energy Markets
India's IOC buys 7 mln barrels of Middle East, African oil, sources state
Indian Oil Corp. ( IOC), the nation's top refiner, has bought 7 million. barrels of spot Middle Eastern and African petroleum via. tenders, consisting of an unusual purchase of Abu Dhabi's Murban, as. U.S. sanctions are expected to hit products from Russia, trade. sources said on Friday. Indian refiners are increasing Middle Eastern crude. buy from the area markets after Washington last Friday. revealed sweeping sanctions targeting Russian manufacturers and. tankers, disrupting supply from the world's No. 2 producer and. tightening up ship availability. Totsa, the trading unit of French significant TotalEnergies. , offered the 2-million-barrel Murban unrefined cargo to...