BPCL purchases 1 million barrels of US crude
pre-market1 source ↓written by the desknot a recommendation
- of West Texas
- 1 million barrels
Bharat Petroleum Corp (BPCL) has acquired 1 million barrels of West Texas Intermediate crude from Vitol, amid rising supply risks due to Middle East tensions. The oil was purchased at a premium of $6 per barrel to dated Brent. An Aframax tanker has been booked for this delivery, indicating BPCL's strategy to diversify its supply sources.
This move may enhance BPCL's operational flexibility and mitigate risks associated with regional supply disruptions.
• 1 million barrels purchased
• Premium of $6 per barrel
• Aframax tanker booked
Not investment advice. For informational purposes only.