Indian Oil Corp buys 4 million

Indian Oil Corp, the country’s top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.

The refiner bought 2 million barrels of Murban crude and another 2 million of West African crude, they added. It was not immediately clear which West African grades IOC had purchased.

The results came after IOC on Tuesday excluded several high-sulfur crude grades, including the Russian Urals, from its tender.

In previous tenders, IOC bought 6 million barrels of Russian Urals for loading and delivery in May.