Aramco to supply extra 2 mn barrels a month to Indian Oil from July

Saudi Aramco will supply Indian Oil an extra 2 million barrels of crude every month during July-December (1.6 million tonnes in total). Indian Oil has a term deal to buy 5.6 million tonnes from Aramco in 2019-20 and an option to buy additional 2 million tonnes. India is looking to make up for loss of Iranian oil after US sanctions.