Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports


Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said.

Topics


HPCL | Hindustan Petroleum Corporation | crude


Reuters  | 
NEW DELHI 


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The purchase came after the country’s top refiner Indian Oil Corp bought 3 million barrels of the same Russian grade this week.

NEW DELHI (Reuters) – India’s state refiner Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said on Thursday.

The cargo was sold by a European trader, they said.

(Reporting by Nidhi Verma in New Delhi and Florence Tan in Singapore; Editing by Shri Navaratnam)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, March 17 2022. 10:06 IST