tradingkey.logo

India's BPCL buys Russian Urals, CPC from non-sanctioned entities, sources say

ReutersDec 5, 2025 4:57 AM

- India's state-run Bharat Petroleum Corp BPCL.NS has placed an order for 2 million barrels of Russian Urals oil and a similar quantity of CPC Blend from non-sanctioned suppliers for January loading, trade sources familiar with the matter said.

The deal has been done at a discount of $6-$7 per barrel to dated Brent, the sources said.

The majority of the oil supplied through the Caspian Pipeline Consortium (CPC) system is from Kazakhstan. Russia also sells some oil through CPC.

BPCL did not immediately respond to a request for comment.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI