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Market Chatter: HPCL, MRPL Seek Up to 6 Million Barrels of Crude via Tenders

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India's state-backed refiners Hindustan Petroleum and Mangalore Refinery and Petrochemicals are seeking up to a combined six million barrels of crude through spot tenders, Reuters reported on Wednesday, citing a tender document.

HPCL is looking to import up to four million barrels for delivery in September and October, while MRPL is seeking as many as two million barrels for delivery between Oct. 10 and 20, the report said.

MRPL has instructed suppliers to avoid routing shipments through the Red Sea and the Strait of Hormuz. Traffic through the energy chokepoints remained subdued this week amid ongoing Middle East conflict.

Hindustan Petroleum and Mangalore Refinery did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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