Indian Oil Corp increases spot market oil purchases amid Middle East crisis
Most outlets reported that Indian Oil Corp has increased its spot market oil purchases in response to the Middle East crisis, citing a statement from its finance head. The Business Recorder provided a slightly more detailed excerpt, mentioning the context of lost Middle Eastern supplies and the finance head’s remarks at an analyst meeting, while ARY News (English) repeated the headline without additional context.
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Indian Oil Corp boost spot oil buy amid Middle East crisis
NEW DELHI: Indian Oil Corp, the country’s top refiner, has sharply raised oil purchases from the spot markets to make up for the loss of Middle Eastern supplies, its head of finance Anuj Jain said at an analyst meeting on Saturday following the June quarter earnings. “Our spot volume jumped from 50% to almost 84%, and the situation is very very dynamic…we keep track of the development on a day-...
2 articles from 2 outlets, 1 Aug–1 Aug 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text. What does % identical mean?