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Mangalore Refinery Buys 1M Barrels of Omani Crude at Premium; IOC Purchases 4M Barrels from Chevron on Wednesday

2026-08-05 09:03:11

CVX0.88%

According to traders and Jin10, Mangalore Refinery and Petrochemicals, an Indian state-owned refiner, purchased 1 million barrels of Omani crude on Wednesday (Aug 5) through a tender at approximately $3 per barrel premium to Brent benchmark pricing, with seller Mitsui O.S.K. Lines Energy Trading Singapore. Meanwhile, Indian Oil Corporation, India's largest refiner by capacity, procured 4 million barrels of West African crude from Chevron, according to traders.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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