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BPCL purchases Upper Zakum crude to replace Russian oil

market hours1 source ↓written by the desknot a recommendation

of Upper Zakum
2 million barrels

Bharat Petroleum Corp has secured 2 million barrels of Upper Zakum crude from Abu Dhabi to replace Russian oil following U.S. sanctions on Rosneft and Lukoil. This purchase is part of BPCL's strategy to source non-Russian oil amid geopolitical tensions, with expectations to continue buying from non-sanctioned entities.

This move may impact BPCL's supply chain and pricing strategies in the near term.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Nov 2025, 11:05 IST.

Sourcesnews.google.com

The market after the news

BPCL closed +2.9% on the day of the news, from ₹356.80 to ₹367.30; Nifty +0.2% over the same session; futures OI +5.0%.

Bulletin at 11:05 IST on 3 Nov 2025. Every change is measured from ₹356.80, the last close before it, on 31 Oct. Nifty 50 is measured over the same sessions.

  • BPCL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BPCL closes around the bulletin against the close before the news, with Nifty 50 rebased to it322.83356.80390.77axis spans 21%before the news · 31 Oct356.80Nifty 50BPCLbulletinD0+1+3+527 Oct7 Nov18 NovFutures open interest, lotspeak 26,000Reference close ₹356.80. 16 sessions from 27 Oct to 18 Nov; the price axis spans 21 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before31 Oct₹356.80basebase
On the day3 Nov₹367.30▲ +2.9%▲ +0.2%+2.8 pp difference
+1 session4 Nov₹372.95▲ +4.5%▼ −0.5%+5.0 pp difference
+3 sessions7 Nov₹367.15▲ +2.9%▼ −0.9%+3.8 pp difference
+5 sessions11 Nov₹374.15▲ +4.9%▼ −0.1%+5.0 pp difference
Gap at the open, % · ₹
▲ +1.4%+5.14 on 3 Nov
Day's range, % · ₹
3.7%≈ 13 high to low
Volume on the day
2.63×the 20-session average
Futures OI on the day
▲ +5.0%+880 lots · long build-up · price +2.9%
Futures OI open, lots
19,0003 Nov · 25 Nov expiry
Futures premium, ₹
+2.00+0.5% to spot
Puts per call, by OI
0.96from 0.65 the session before
Max pain
355from 350 the session before

Source NSE UDiFF bhavcopy · BPCL on the desk →

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