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. Read More
Latest posts by Moneycontrol.com (see all)
- Crude oil prices to slowly gather pace on improving fundamentals - January 19, 2019
- Torrent group to invest Rs 10,000 cr in Gujarat: Chairman - January 18, 2019
- IRB Infra to start work on Rs 2,043-cr highway project in Gujarat - January 18, 2019