Browsing: Bharat Petroleum Corporation Limited

Indian refiners stepped up purchases of US oil after Prime Minister Narendra Modi’s visit to the Washington in June when President Donald Trump said the United States looked forward to exporting more energy products to the world’s third-biggest oil buyer.

Analysts have said the rise in exports from the US would add to global oversupply, and intensify the tussle for market share between the US, OPEC and Russia. It could weigh on crude oil prices.