IOC and BPCL bought 22 million barrels of non-Russian crude for Sept-Oct delivery after U.S. pressure halted Russian imports.

• IOC secured U.S., Brazilian, Libyan, Middle Eastern, Canadian, and Nigerian grades totaling 13 million barrels for Sept delivery.
• BPCL purchased 9 million barrels, including Angolan, U.S., Abu Dhabi, and Nigerian crude through direct negotiations.
• Improved arbitrage economics boosted Atlantic Basin crude purchases by Asian refiners, diversifying supply sources beyond Russia.