Indian Oil Corporation, the biggest refiner in the country, has purchased about 7 million barrels of crude from the U.S., the Middle East, and Canada in a spot tender last week, partly to replace Russian crude, which is now on hold at India’s state refiners. IndianOil has bought 4.5 million barrels of U.S. West Texas Intermediate Midland, 2 million barrels of Abu Dhabi’s Das crude, and 500,000 barrels of Western Canadian Select (WCS) crude, anonymous trade sources told Reuters on Monday. IndianOil and the other state-owned Indian refiners…
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