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S. Arabia to supply about 4 mln bbls of extra oil to India in Nov.

 

 

By Reuters

NEW DELHI/SINGAPORE
Petroleumworld 10 11 2018

Saudi Arabia, the world's biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.

Reliance Industries Ltd, Hindustan Petroleum Corp , Bharat Petroleum Corp and Mangalore Refinery Petrochemicals Ltd, sought an additional 1 million barrels each in November, one of the sources said.

Reuters last week reported that Russia and Saudi Arabia struck a private deal in September to raise output to cool rising prices and had informed the United States about the decision.

 

 

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Reporting by Nidhi Verma in NEW DELHI, Jessica Jaganathan and Florence Tan in SINGAPORE; Editing by Christian Schmollinger from Reuters

reuters.com 10 10 2018


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