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Home ENERGY

India’s HPCL buys 2 million barrels of Oman crude, traders say

by Newsroom Editor
May 6, 2026
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NEW DELHI/SINGAPORE, May 6 (Reuters) – India’s state-run ‌Hindustan Petroleum Corp ‌has bought two million barrels ​of Oman crude for delivery in July, traders said on ‌Wednesday.

• HPCL ⁠bought the oil from Vitol at ⁠a discount of 10-20 cents to ​the June ​dated ​Brent price, the ‌traders said.

• The companies typically do not comment on their commercial deals.

• Oman crude ‌is exported ​from the ​terminal ​at Mina Al ‌Fahal outside of ​the Strait ​of Hormuz.

(Reporting by Nidhi Verma in…

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