Archive · 19 Sep 2025
India's Oil Companies Purchase Millions of Barrels of Crude
Indian oil companies, HPCL and IOC, have bought large amounts of crude oil.
HPCL bought 2 million barrels from West Africa, while IOC purchased 3 million barrels.
IOC's purchase included oil from the US and Nigeria.
The price of the US oil was about $3.50 higher than a standard oil price.
HPCL bought 2 million barrels of West African crude oil.
HPCL's crude includes Nigerian Bonny Light and Angolan Pazflor.
Indian Oil Corp bought 3 million barrels of sweet crude.
IOC's purchase included WTI Midland and Nigerian Agbami crude.
WTI cargo was sold at $3.50 above dated Brent.
- Who
- Indian Oil Companies
- What
- Purchased millions of barrels of crude oil
- When
- September 19, 2025
- Where
- International market
- Why
- Not explicitly stated in the articles
Supply Agreements
Price Points
Quantity of Oil
Supply Agreements
HPCL secured 2 million barrels of crude.
Price Points
IOC procured 3 million barrels of crude.
Crude Pricing
Supply Agreements
HPCL did not have a price at the time of the report.
Price Points
IOC purchased oil at a price around $3.50 above the Dated Brent benchmark.
- HPCL Crude Purchase
- 2 million barrels
- IOC Crude Purchase
- 3 million barrels
- HPCL Crude Source
- West Africa
- IOC Crude Source
- US and Nigeria
- WTI Price
- $3.50 above dated Brent
Sources
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