Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Indian Oil Corporation invites bids to purchase 3 million barrels of Middle Eastern and West African crude oil for November delivery

Indian Oil Corporation invites bids to purchase 3 million barrels of Middle Eastern and West African crude oil for November delivery

智通财经智通财经2026/10/07 04:06
Show original

(1) This week, several market traders reported that Indian oil companies purchased 3 million barrels of Middle Eastern and West African crude oil through tenders, which will be delivered to multiple ports in India in November. (2) Trafigura sold 1 million barrels of Abu Dhabi Murban crude oil at a premium of $13-14 per barrel over the Brent spot price, with delivery to Vadinar. (3) Macquarie sold 1 million barrels of Iraqi Basrah Medium crude oil at approximately the Brent spot price, with delivery to Chennai. (4) Chevron sold 1 million barrels of Angolan Nemba crude oil at a premium of $18 per barrel over the Brent spot price.

(1) Several market traders stated this week that Indian oil companies purchased 3 million barrels of Middle Eastern and West African crude oil through tenders, which will be delivered to multiple ports in India in November. (2) Trafigura sold 1 million barrels of Abu Dhabi Murban crude at a premium of 13 to 14 USD/barrel over Brent spot prices, with Vadinar as the delivery location. (3) Macquarie sold 1 million barrels of Iraq Basrah Medium crude at roughly the same price as Brent spot prices, with Chennai as the delivery location. (4) Chevron sold 1 million barrels of Angola Nemba crude at a premium of 18 USD/barrel over Brent spot prices.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Wells Fargo lowers Airbnb's target price from $186 to $185

Wells Fargo has lowered Airbnb's (ABNB.US) target price from $186 to $185.

智通财经•2026/10/07 11:45

Badenoch says sustained economic growth will be a core principle of the Conservative Party

UK Conservative Party leader Badenoch stated that maintaining continuous economic growth will remain a core principle for the Conservative Party. The savings plan will allow for a reduction of the deficit by 35 billion pounds.

智通财经•2026/10/07 11:41

El Niño continues to intensify and may become a key driver for commodities in 2027

(1) El Niño continues to strengthen, with the latest August Oceanic Niño Index reaching 2.2°C, firmly placing it in the "very strong" category. (2) In comparison, during the 2015-2016 super El Niño event, this index was around 1.7°C in August and subsequently peaked at 2.6°C in December. (3) If this seasonal pattern persists, the coming months could point to an unusually strong or even potentially record-breaking El Niño. (4) The impact on commodities is already evident on both supply and demand sides. (5) Weather-related supply risks are supporting agricultural markets such as sugar, cocoa, and coffee, while the possibility of a milder winter in the Northern Hemisphere could suppress heating demand and dampen natural gas consumption. (6) The more persistent and stronger the current El Niño becomes, the greater the risk that weather will become a more significant driver of commodity prices by 2027.

智通财经•2026/10/07 11:36

The Iranian Revolutionary Guard says it will soon block the illegal routes in the Strait of Hormuz.

Energy and commodities analyst Blas: The Iranian Revolutionary Guard stated it will "soon" block the "illegal" passage of the Strait of Hormuz. In fact, this is the first time the Iranian Revolutionary Guard has publicly admitted that the waterway is no longer closed.

智通财经•2026/10/07 11:26