Indian Oil Corporation increases its use of spot-market crude after disruptions to Middle East supply routes linked to the US-Iran conflict. Multiple reports say the company buys a record share of crude on the spot market in the April–June quarter, reflecting a change in procurement patterns as geopolitical conditions disrupt traditional sourcing. One outlet reports the shift reaches nearly 84% of crude purchases, up from prior long-established strategies.
In addition to turning more heavily to spot purchases, Indian Oil also diversifies its supply sources. One report says it brings in more crude from West Africa and Latin America as Middle East routes become less reliable. Despite what the reports describe as higher crude costs associated with spot purchases, Indian Oil posts strong operating results. It reports its highest-ever first-quarter crude throughput, and another report notes higher fuel sales and improved market share during the period.
Overall, the sources present the same core picture: supply disruptions lead Indian Oil to rely more on spot buying and broaden sourcing, while the company maintains high crude processing levels and supports sales performance.
