India's BPCL Buys US Crude
India's BPCL Buys US Crude

India's BPCL Buys US Crude

India's BPCL Buys US Crude

India’s state-run Bharat Petroleum Corp has bought 2 million barrels of high-sulphur Mars crude oil from the United States for delivery in September, two industry sources said on Wednesday.  The refiner last bought a Mars crude oil cargo for July delivery, one of them said, Reuters reported. The corporation could not be immediately reached for comment.  BPCL made its first purchase of US oil in July, last year after Prime Minister Narendra Modi’s visit to Washington when President Donald Trump said the United States looked forward to exporting more energy products to the world’s third-biggest oil buyer. BPCL has requested an extra 1 million barrels of oil from the National Iranian Oil Company for June, two industry sources said, amid a looming threat of stringent US sanctions. The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline for reimposing sanctions on the country’s petroleum sector.


Short URL : https://goo.gl/fQfmtZ
  1. https://goo.gl/cTKZfR
  • https://goo.gl/f7m7Cz
  • https://goo.gl/Ye4EGR
  • https://goo.gl/ZiRmBd
  • https://goo.gl/3pAZmD

You can also read ...

Canada to Boost Support for Renewable Energy
Millions of dollars in subsidies for a Nova Scotia tidal...
The field has cumulatively produced about 15 million cubic meters of gas and 31.4 million barrels of oil and condensate.
India’s Reliance Industries has shut down an oil and gas field...
Iran's LPG Exports Fall to 356,000 Million Tons
Iran's LPG shipments loaded, or due for lifting, in September...
Saudis, Russia Planning to  Replace Iran Oil Market Share
The joint OPEC and non-OPEC ministerial committee, aka JMMC,...
Emirati Oil Company Hoarding Jet Fuel
Emirates National Oil Company has begun storing jet fuel on...
OPEC,  Non-OPEC Aug. Compliance  at 129%
An OPEC and non-OPEC monitoring committee found that oil...
$30 Million for Mazandaran Gas Expansion  Scheme
Over 4.56 trillion rials ($30 million) have been allocated to...

Add new comment

Read our comment policy before posting your viewpoints