Bharat Petroleum Buys 1 Million Barrels Of US Crude Oil As High Freight Costs Make Russian Oil Less Attractive

State-owned Bharat Petroleum Corporation Limited (BPCL) has purchased 1 million barrels of US West Texas Intermediate (WTI) crude oil as Indian refiners reassess sourcing options amid changing freight costs.As per a Reuters report, BPCL secured the cargo for delivery to Mumbai between late December and early January.The refiner reportedly agreed to pay a premium of approximately $18 per barrel over...