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Bharat Petroleum Buys 1 Million Barrels Of US Crude Oil As High Freight Costs Make Russian Oil Less Attractive

Bharat Petroleum Buys 1 Million Barrels Of US Crude Oil As High Freight Costs Make Russian Oil Less Attractive
Photo: Free Press Journal · view original

State-owned Bharat Petroleum Corporation Limited (BPCL) has purchased 1 million barrels of US West Texas Intermediate (WTI) crude oil as Indian refiners reassess sourcing options amid changing freight costs. As per a Reuters report, BPCL secured the cargo for delivery to Mumbai between late Decem...

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