Russian crude purchases may fall in November as West Asian oil’s viability improves: BPCL
Bharat Petroleum Corporation Limited (BPCL) anticipates a decline in Russian crude purchases in November due to high freight costs and supplier premiums. In Q2, Russian oil constituted about 37% of BPCL's total crude procurement, but improved availability of West Asian oil is shifting preferences. The company aims to enhance sourcing flexibility and diversification going forward.