Indian Oil Said to Buy Forcados, Jubilee Crudes From Vitol

Indian Oil Corp. bought 1 million barrels each of Nigerian Forcados and Ghana’s Jubilee crudes for loading in November from Vitol Group via a tender, according to two traders who participate in the market, declining to be identified because the information is confidential.

The nation’s largest refiner also purchased 1 million barrels each of Nigerian Bonga and Forcados grades from Royal Dutch Shell Plc (RDSA) via the same tender, three traders with knowledge of the matter said on Oct. 5.

To contact the reporters on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net; Sherry Su in London at lsu23@bloomberg.net

To contact the editors responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net; Stephen Voss at sev@bloomberg.net

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