Mrpl

Energy, Oil & Gas

India's HPCL, MRPL buy 5m barrels of US, Mideast oil

Mon, 10 Nov 2025

Two Indian refiners have purchased 5 million barrels of crude oil from spot markets, seeking alternatives to Russian supplies. Hindustan Petroleum acquired 2 million barrels each of US West Texas Intermediate and Abu Dhabi's Murban crude, while Mangalore Refinery and Petrochemicals bought 1 million barrels of Basra Medium crude.