Bharat Petroleum Corp Ltd (BPCL), a state-run oil refiner in India, has entered into a significant crude oil supply agreement with BP. Under the terms of the deal, BPCL will purchase 1 million barrels of U.S. West Texas Intermediate (WTI) crude oil per month for a duration of four months, starting from June. This strategic move is part of BPCL's efforts to diversify its crude supply sources. Additionally, BPCL has secured a spot tender for an extra 2 million barrels of WTI crude, further bolstering its supply. The deal comes at a time when Unipec, another major player in the oil industry, has shipped a supertanker loaded with Libyan Bu Attifel crude to Asia, indicating a vibrant and dynamic global oil market.
India snapping up WTI cargos> Indian state-controlled refiner Bharat Peroleum (BPCL) said it has signed a deal with BP to buy 1mn bl/month of US West Texas Intermediate (WTI) crude for four months starting in June. BPCL has also separately bought a spot tender of 2mn bl of WTI… https://t.co/MO6GC85LxC
Indian refiner BPCL agrees term deal to buy 1mn bl of WTI a month for four months, from BP https://t.co/7OXrUWAHku
BPCL signs crude oil supply deal with THIS US firm - Check Share Price Target 2024 https://t.co/1kIBQ6fQne
Noida has witnessed a BPCL signs crude oil supply deal with THIS US firm - Check Share Price Target 2024 https://t.co/1kIBQ6fQne
#India: state-run oil refiner Bharat Petroleum Corp has signed a deal with BP to buy 1 million barrels per month of U.S. West Texas Intermediate (WTI) crude for four months, trade sources said. #oott https://t.co/30gUJcdyAV
News Alert | BPCL signs 4-month US WTI crude oil supply deal with BP, to receive 1 mn bbl per month from June (Agencies) @BPCLimited https://t.co/1SI1DTpyd8
News Alert | BPCL signs 4-month US WTI crude oil supply deal with BP, to receive 1 mn bbl per month from June @BPCLimited https://t.co/kNZypiPgYN
Unipec ships supertanker loaded with Libyan Bu Attifel crude to Asia - sources #oott #Libya https://t.co/QhPP0L8H3y