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

Two Indian state-run refiners have purchased a total of 5 million barrels of crude oil from the spot market as they seek alternatives to Russian supplies, trade sources said. Hindustan Petroleum Corp bought 2 million barrels each of U.S. West Texas Intermediate and Abu Dhabi’s Murban crude for January delivery, while Mangalore Refinery and Petrochemicals Ltd purchased 1 million barrels of Basra Medium crude for early January delivery.