HPCL, MRPL buy 5 million barrels US, Mideast oil, sources say

Two Indian state refiners have purchased 5 million barrels of crude oil from spot markets via tenders as they continue to scout for alternatives to Russian supplies, trade sources said.

Hindustan Petroleum Corp has bought 2 million barrels each of U.S. West Texas Intermediate crude and Abu Dhabi’s Murban crude for January arrival, they said.

Mangalore Refinery and Petrochemicals Ltd has bought one million barrels of Basra Medium crude for January 1-7 delivery, they said.