Signal · Supply Chain & Logistics
Indian refiners buy Middle East and West African crude, sources say
What the source reported
Source-reportedIndian refiners have stepped up crude oil purchases, with Mangalore Refinery and Petrochemicals buying 1 million barrels of Oman crude through a tender, according to trade sources. The cargo was purchased at a premium of about $3 a barrel over dated Brent, with Mitsui & Co Energy Trading Singapore identified as the seller.
- Publication
- The Economic Times - Industry · Trade Publication
- Published
- 5th August 2026
- Original report
- economictimes.indiatimes.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Supply Chain & Logistics
- Geography
- India
- Organisations
- None identified
- Collected
- 5th August 2026 · 11:01
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Moderate (28.0/100). Strongest contributor: Geographic Breadth (10.0/10 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Moderate (41.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Extraction Quality (3.0/15 points).
- Strongest contributor
- Geographic Breadth
- Limiting factor
- Likely Event Severity