HPCL buys 4 million barrels of Middle Eastern crude, traders say

Synopsis

Hindustan Petroleum Corp has bought 4 million barrels of Middle Eastern crude through a spot tender, according to trade sources. The state-run refiner purchased 2 million barrels of Murban crude each from BP and PetroChina, along with 1 million barrels of Oman crude from Trafigura, with deliveries expected in early October.

Hindustan Petroleum Corp bought 4 million barrels of Middle Eastern crude from BP, PetroChina and Trafigura through a spot tender, with deliveries due in early October.

India's state-run refiner Hindustan Petroleum Corp bought 4 million barrels of Middle Eastern crude through a ‌spot tender, ⁠multiple trade ⁠sources said on Thursday.

The refiner purchased 2 million barrels of Murban crude from BP, another 1 million barrels of ⁠Murban from ‌PetroChina and 1 million barrels of Oman ⁠crude from Trafigura, they said.

Both ​grades are loaded and ​exported from outside the Strait of Hormuz.

The oil will arrive around early October.

Prices ‌for the deals were not immediately available. ​The companies ​typically ⁠do not comment on commercial transactions.