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Indian Oil Corporation purchases Iraqi crude oil for shipment in October, at a discount of about $28 compared to the Dubai benchmark
2026-09-28 14:18:29
According to CoinMeta, India's largest refiner, Indian Oil Corporation ( IOC ), purchased 2 million barrels of Basra medium crude oil and Basra heavy crude oil at a price about $28 per barrel lower than the October Dubai crude oil benchmark price. The transaction was based on the offshore price ( FOB ). IOC had previously sought to purchase Iraqi crude oil loaded between October 21st and 31st through bidding.
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Source：Jin10 Data
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