Indian Oil Buys Russian Urals Crude in Rare Tender: Report

New Delhi/Moscow: Indian Oil Corp has bought 1 million barrels of March-loading Urals crude via a tender, the country's first purchase of the Russian grade in a year, two sources close to the matter said on Monday. Refinery maintenance in Europe has led to an increase in Urals supply and made it economical for the grade to be sold to Asia, traders said. The cargo, to be loaded on March 17-22, was sold by Lukoil's trading arm Litasc...