India\'s BPCL Buys American Oil Headed To China\, Diverted After Tariffs

India's BPCL Buys American Oil Headed To China, Diverted After Tariffs

Beijing announced it would impose the 5 per cent levies -- the first ever Chinese tariffs on US oil -- on August 23 and they took effect September 1.

Corporates | (c) 2019 Bloomberg | | Updated: September 05, 2019 11:06 IST
India's BPCL Buys American Oil Headed To China, Diverted After Tariffs

Indian refiners have increased their purchases of American oil.