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2 days agoIndia’s BPCL to issue spot-crude tender as replacement for Russian oil
Bharat Petroleum Corporation Ltd (BPCL) plans to issue a spot-crude oil tender to replace Russian supplies, as refiners reconsider reliance on Moscow amid U.S. sanction risks. The move may accelerate diversification to West African and Middle East grades. BPCL’s procurement team said the tender will seek delivery from December, and risk-premium traders noted freight and blending costs could rise. Refiners may face higher input costs and margin pressure if cheaper Russian Grades are replaced by costlier alternatives.
neutral-cautious
2 days agoIndia’s BPCL to issue spot-crude tender as replacement for Russian oil
Bharat Petroleum Corporation Ltd (BPCL) plans to issue a spot-crude oil tender to replace Russian supplies, as refiners reconsider reliance on Moscow amid U.S. sanction risks. The move may accelerate diversification to West African and Middle East grades. BPCL’s procurement team said the tender will seek delivery from December, and risk-premium traders noted freight and blending costs could rise. Refiners may face higher input costs and margin pressure if cheaper Russian Grades are replaced by costlier alternatives.
neutral-cautious
India’s BPCL to issue spot-crude tender as replacement for Russian oil
3 days ago
1 min read
77 words
BPCL to issue spot-crude tender as replacement for Russian oil amid U.S. sanction uncertainty and supply-cost pressures.
Bharat Petroleum Corporation Ltd (BPCL) plans to issue a spot-crude oil tender to replace Russian supplies, as refiners reconsider reliance on Moscow amid U.S. sanction risks. The move may accelerate diversification to West African and Middle East grades. BPCL’s procurement team said the tender will seek delivery from December, and risk-premium traders noted freight and blending costs could rise. Refiners may face higher input costs and margin pressure if cheaper Russian Grades are replaced by costlier alternatives.
Bharat Petroleum Corporation Ltd (BPCL) plans to issue a spot-crude oil tender to replace Russian supplies, as refiners reconsider reliance on Moscow amid U.S. sanction risks. The move may accelerate diversification to West African and Middle East grades. BPCL’s procurement team said the tender will seek delivery from December, and risk-premium traders noted freight and blending costs could rise. Refiners may face higher input costs and margin pressure if cheaper Russian Grades are replaced by costlier alternatives.
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India
economy
India
energy
oil imports
refining
Oct 28, 2025 • 08:04 IST