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Tuesday, October 27, 2026Updated 00:23 UTC

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India’s BPCL to Cut Russian Oil Imports Due to Higher Prices

Source: OilPrice.com · Oct 26, 2026 14:30 UTC

Aerial view of refinery storage tanks near Houston on the Gulf coast — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Bharat Petroleum Corporation Limited (BPCL), one of the biggest Indian state-owned refiners, will reduce its purchases of crude oil from Russia in November as high freight costs and premiums for Russia’s crude undermine the attractiveness of Moscow’s oil compared to Middle Eastern offers. BPCL will buy lower volumes of Russian crude in November as the Middle East grades are more commercially attra

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