Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Indian Oil offers first diesel export since mid-Sept - sources

Published 11/10/2022, 05:29 AM
Updated 11/10/2022, 05:36 AM
© Reuters. FILE PHOTO: An Indian Oil tanker driver waits outside a fuel depot in Mumbai, India, October 6, 2017. REUTERS/ Danish Siddiqui/File Photo/File Photo

SINGAPORE (Reuters) - Indian Oil Corp has offered one diesel cargo to be loaded in early December, its first export in almost three months, three sources who reviewed the tender document said on Thursday.

"The availability could be because of supply resumption after the end of a turnaround at one of the company's Paradip refinery in mid- to second half September," one of the sources said.

The tender to sell up to 16,460 tonnes of diesel loading from Paradip will close on Nov. 11, with bids to remain valid until the close of the same day.

© Reuters. FILE PHOTO: An Indian Oil tanker driver waits outside a fuel depot in Mumbai, India, October 6, 2017. REUTERS/ Danish Siddiqui/File Photo/File Photo

The company had earlier sought diesel for June arrival in the spot market, another source said.

Indian Oil could not be immediately reached for a comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.