BPCL buys U.S. Mars crude for Sept - sources

Image
Reuters SINGAPORE
Last Updated : Jul 04 2018 | 11:55 AM IST

SINGAPORE (Reuters) - 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.

BPCL could not immediately be reached for comment.

BPCL made its first purchase of U.S. 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.

(Reporting by Florence Tan and Jessica Jaganathan; Editing by Sunil Nair)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 04 2018 | 11:47 AM IST

Next Story