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Indian Oil Corporation has opted for African and Middle Eastern crude over US oil in its latest tender, buying 2 million barrels from Nigeria and 1 million from Abu Dhabi's Das grade. The cargoes are due late October-November. The move follows a 5 million-barrel WTI purchase last week, as refiners balance tariffs, Russian oil discounts, and US trade tensions. IOC shares traded flat Friday.
short by / 02:40 pm on 05 Sep
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