Bharat Petroleum Corporation has purchased one million barrels of US West Texas Intermediate crude oil. This significant purchase was made via a tender for August arrival. The Indian company acquired the oil from the trading house Vitol. This transaction occurred at a premium of approximately six dollars per barrel. Companies typically do not comment on such commercial matters.

BPCL has initiated discussions with Iranian suppliers, signaling readiness to resume crude imports once geopolitical and regulatory conditions stabilize.

Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through recent tenders. Indian Oil acquired…

India's state-owned oil refining giants stepped up crude purchases last week, securing millions of barrels through separate tenders. According to sources cited by Reuters, Indian…