BPCL purchases Russian Urals and CPC oil from non-sanctioned entities

Summary

Bharat Petroleum Corp (BPCL) has secured four cargoes of Russian Urals and CPC oil from non-sanctioned suppliers for January. Indian Oil Corp (IOC) also resumed purchases of Russian oil due to attractive discounts, with Urals priced at $6-$7 per barrel below Brent. Other state refiners have ceased buying Russian oil, while Nayara Energy continues to process it.

Recent Coverage

• BPCL buys Russian Urals, CPC from non-sanctioned entities, sources say

  Economic Times - India Time • Dec 5