BPCL Turns to Spot Crude as Iran Conflict Disrupts Term Supplies

India’s Bharat Petroleum Corp. Ltd. has largely shifted to making spot crude purchases as the Iran war upends annual arrangements for Middle Eastern barrels, highlighting challenges for refiners to secure supplies.

Bloomberg MarketsMay 191 min readPrimary source

BPCL Turns to Spot Crude as Iran Conflict Disrupts Term Supplies — Image · Bloomberg Markets

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Ltd. has largely shifted to making spot crude purchases as the Iran war upends annual arrangements for Middle Eastern barrels, highlighting challenges for refiners to secure supplies.

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EUR/USD· Euro · US Dollar

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