Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender, trade sources said on Tuesday.
Chennai is now seeking sweet crude instead of sour oil as it has received some high-sulphur crude from IOC, one of the sources familiar with the matter said. The sources spoke on condition of anonymity.
U.S. President Joe Biden had told Indian Prime Minister Narendra Modi late on Monday that buying more oil from Russia was not in India's interest and could hamper the U.S. response to the war in Ukraine.The refiner is running two tenders this week, seeking sweet and sour crude separately for May-June loading.Register now for FREE unlimited access to Reuters.
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