Indian refiners buy first Guyanese oil from Exxon, sources say

Core Insights - Two Indian refiners have made their first purchase of 4 million barrels of Guyanese crude oil from Exxon Mobil, marking a significant step in their sourcing strategy [1] - The delivery of the crude oil is scheduled for the end of 2025 or early 2026, indicating a long-term commitment to sourcing from Guyana [1] Company Summary - The Indian refiners are diversifying their crude oil supply sources by importing from Guyana, which is a relatively new player in the global oil market [1] - Exxon Mobil, as a major U.S. oil company, continues to expand its reach in international markets, particularly in emerging oil-producing regions like Guyana [1]