Mangalore Refinery and Petrochemicals Ltd has bought one million barrels of Basra Medium crude for January 1-7 delivery, say sources aware of the developments
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Two 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 US 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.
The identity of the sellers and pricing details were not immediately known.
Published on November 10, 2025