Two Indian refiners purchased 5 million barrels of crude oil from the US, Iraq, and the UAE to replace Russian imports. Hindustan Petroleum Corp. bought 2 million barrels of WTI and 2 million barrels of Murban, while Mangalore Refinery bought 1 million barrels of Basra Medium.

Amid US sanctions on Russian oil, Indian buyers rush to secure supplies before November 21. Bloomberg reported a ship-to-ship transfer off India involving EU/UK-sanctioned tankers. India also seeks long-term oil deals with Angola for energy security.

Indian President Droupadi Murmu emphasized the importance of Angola’s role in India’s energy security. Indian oil and gas companies are keen on long-term partnerships with Angolan energy entities for oil and gas investments and critical minerals.

Read more at Yahoo Finance: India Races to Replace Russian Oil With U.S., Iraqi, and UAE Crude