Indian refiners set to ask for extra Saudi oil after sharp price cut
Indian Oil Corp and Bharat Petroleum Corp are considering lifting an additional 1 million barrels of oil each from Saudi Aramco in February. The move comes after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months. The Indian Oil Corp is also seeking more oil from Saudi Arabia and West Africa due to difficulties in buying Russian light sweet crude Sokol.
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