India Is Shopping In The Americas To Cut Reliance On Middle East Oil

Indian refiners are going shopping as far as North and South America, buying some crude grades for the very first time, as the world’s third-largest oil importer looks to diversify its oil imports away from the Middle East. India’s HPCL-Mittal Energy Ltd, a joint venture of state-run Hindustan Petroleum Corporation and steel tycoon Lakshmi Mittal, has bought the country’s first-ever crude oil cargo from the newest oil-producing nation, Guyana, a source familiar with the plan told Reuters this week. Mangalore Refinery and…