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Saudi Arabia to supply about 4 billion barrels of extra oil to India in November: Sources

10 October, 2018 8:02 AM
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Saudi Arabia to supply about 4 billion barrels of extra oil to India in November: 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.

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.

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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Source: moneycontrol.com

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