Indian Refiner BPCL Buys U.S. WTI Crude Oil Cargo

OilPrice.com · Tsvetana Paraskova · 2026-11-03 13:30 UTC

India's BPCL bought 1 million barrels of U.S. WTI crude for Mumbai delivery as freight rates ease from October records and Russian oil loses appeal.

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Bharat Petroleum Corporation Limited (BPCL), one of the biggest Indian state-owned refiners, has bought 1 million barrels of U.S. West Texas Intermediate crude, trade sources told Reuters on Tuesday, as India looks to procure cheaper cargoes amid freight rates easing from the record highs hit in early October.

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