India's IOC buys 5 million barrels of crude for Oct delivery, sources say
NEW DELHI/SINGAPORE, Aug 8 (Reuters) - Indian Oil Corp IOC.NS, the country's largest refiner, has bought 5 million barrels of crude for October delivery, trade sources said, continuing its buying spree amid pressure from U.S. President Donald Trump to halt Russian purchases.
IOC bought 2 million barrels of U.S. Mars crude, 2 million barrels of Brazilian grades and another 1 million barrels of Libyan crude on a delivered basis via a tender, the sources said.
BP BP.L sold the high-sulphur Mars crude cargo at $1.5-$2 a barrel above September Dubai quotes, they added.
European trader Petraco sold the 1 million barrels of Libyan Sarir and Mesla crude and Totsa, the trading arm of TotalEnergies TTEF.PA, sold the 2 million barrels of Brazilian Sepia and Sururu crude, the sources said.
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