Indian Oil Corporation, the country’s largest refiner, has bought two new types of US crude for December delivery as it tests different grades from the United States, trade sources said on Tuesday.

IOC bought 1 million barrels each of US Southern Green Canyon (SGC) and WTI Midland crude likely from a Chinese trader, the people said, speaking on condition of anonymity. The purchase was in addition to 2 million barrels of Basra Light crude to be delivered in the same month.

http://www.thehindubusinessline.com/companies/ioc-buys-new-us-crude-grades-for-dec-delivery/article9896131.ece

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