Economy
Saudi Aramco offers alternative crude oil grade to Indian Oil Corporation
Updated : September 17, 2019 02:19 PM IST
Saudi Aramco has offered Indian Oil Corporation Arab Heavy crude oil instead of Arab Light following an attack on its oil facilities over the weekend.
IOC will receive full allocated volumes from Saudi Aramco in September and October.
This indicates that Saudi is offering heavy grade instead of light as Arab Mix is a combination of Arab light and heavy.


Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more