Bharat Petroleum, a state-owned Indian company, has expressed interest in buying U.S. crude oil originally destined for China. It appears to be eyeing several cargoes that were diverted from their course towards Chinese ports in late August, when Beijing announced plans to levy a 5% import tariff on U.S. oil.
Posted by Jennifer Delay Iacullo
Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.
