According to familiar traders, after the Iraqi National Petroleum Sales Company completed the tender, Indian refining companies purchased Iraqi crude oil loaded in October at FOB prices. Indian oil bought about 1 million barrels of Basra medium crude oil. The price of this shipment is about 23 to 28 US dollars/barrel at a discount of about $23 to $28 per barrel compared to Dubai's benchmark crude oil. This move is different from wartime practice; in the past, traders usually loaded Iraqi crude oil and then resold it to refiners.

According to familiar traders, after the Iraqi National Petroleum Sales Company completed the tender, Indian refiners purchased Iraqi crude oil loaded in October at FOB prices. Indian oil bought about 1 million barrels of Basra medium crude oil. The price of this shipment is about 23 to 28 US dollars/barrel at a discount of about $23 to $28 per barrel compared to Dubai's benchmark crude oil. This move is different from wartime practice; in the past, traders usually loaded Iraqi crude oil and then resold it to refiners.