Indian Oil Corp., or IOC, is unlikely to seek any replacement crude oil cargo in the regional spot market after all out efforts had been made to successfully douse a fire that broke out at a VLCC tanker carrying 260,000 mt of Middle Eastern crude chartered by the state-run Indian refiner, a company trading source with knowledge of the matter said Sept. 7. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fire incident in the fully laden IOC-chartered super tanker was doused over the weekend on Sept. 6, and there’s a good chance crude oil in the tanker could be fully salvaged, a feedstock and fuel trading manager at IOC — who declined to be identified […]