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IOC buys seven million barrels of U.S., West Asia crude after Russian oil pause

IOC’s large spot crude purchase comes after the arbitrage window for U.S. crude to Asia opened and as Indian state refiners paused buying of Russian crude oil on narrowing discounts

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Aug 4, 2025 - 12:40
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IOC buys seven million barrels of U.S., West Asia crude after Russian oil pause
IOC’s large spot crude purchase comes after the arbitrage window for U.S. crude to Asia opened and as Indian state refiners paused buying of Russian crude oil on narrowing discounts
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