homeenergy NewsSaudi Arabia to supply about 4 billion barrels of extra oil to India in November, says sources

Saudi Arabia to supply about 4 billion barrels of extra oil to India in November, says sources

Reliance Industries Ltd, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemicals Ltd, sought an additional 1 million barrels each in November, one of the sources said.

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By Reuters Oct 10, 2018 2:08:12 PM IST (Published)

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Saudi Arabia to supply about 4 billion barrels of extra oil to India in November, says sources
Saudi Arabia, the world's biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.

Reliance Industries Ltd, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemicals Ltd, sought an additional 1 million barrels each in November, one of the sources said.
Reuters last week reported that Russia and Saudi Arabia struck a private deal in September to raise output to cool rising prices and had informed the United States about the decision.

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