Indian Oil Corp, the country's largest refiner, has bought two new types of US crude for December delivery as it tests different grades from the United States, trade sources said on Tuesday. IOC bought 1 million barrels each of US Southern Green Canyon (SGC) and WTI Midland crude likely from a Chinese trader, the people said, speaking on condition of anonymity. The purchase was in addition to 2 million barrels of Basra Light crude to be delivered in the same month. The United States has become a new source of crude supply for Asia since Washington lifted a ban ...
IOC buys two new types of US crude grades for December delivery: Sources
United States has become a new source of crude supply for Asia since Washington lifted a ban on crude exports in late 2015