Bharat Petroleum Corporation (BPCL) is reportedly shifting its focus to Middle Eastern crude oil to address a shortfall from Russian suppliers, reported Reuters, citing BPCL head of finance Vetsa Ramakrishna Gupta. Big Tech will lean heavily into AI agents in 2025. Here's what they can do.

State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.

Indian refiner BPCL is shifting its crude oil sources from Russia to diversified sources amid supply disruptions. BPCL continually expands its oil sources and obtains approximately 53% of its supply via long-term agreements.

India became a top buyer of Russian seaborne oil after the European Union shunned purchases and imposed sanctions on Moscow following its invasion of Ukraine in 2022