{"id":339297,"date":"2020-02-27T12:19:18","date_gmt":"2020-02-27T06:49:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339297"},"modified":"2020-02-27T12:48:04","modified_gmt":"2020-02-27T07:18:04","slug":"bpcl-to-keep-off-buying-extra-crude-despite-low-prices-due-to-virus-outbreak","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-to-keep-off-buying-extra-crude-despite-low-prices-due-to-virus-outbreak\/","title":{"rendered":"BPCL to keep off buying extra crude despite low prices due to virus outbreak"},"content":{"rendered":"<p>In a bid to manage inventory better and check potential losses, state-owned Bharat Petroleum Corporation Ltd (BPCL) will not buy extra crude to take advantage of the drop in prices due to the coronovirus outbreak, a top executive has said. <\/p>\n<p>From about $70 a barrel about two months ago, global crude prices have dropped to about $55 a barrel, helping BPCL save money on its crude purchases. <\/p>\n<p>On top of it, there is an extra price reduction of $3-5 per barrel on opportunity crude \u2014 distress crude looking for buyers after being rejected by China. This will be available in significant quantities over the next three or four months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a bid to manage inventory better and check potential losses, state-owned Bharat Petroleum Corporation Ltd (BPCL) will not buy extra crude to take advantage of the drop in prices due to the coronovirus outbreak, a top executive has said. From about $70 a barrel about two months ago, global crude prices have dropped to about $55 a barrel, helping BPCL save money on its crude purchases. On top of it, there is an extra price reduction of $3-5 per barrel on opportunity crude \u2014 distress crude looking for buyers after being rejected by China. This will be available in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-339297","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=339297"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339297\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}