February 19, 2026

HMEL

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Bharat Petroleum, HMEL turn to Venezuelan crude as India reduces Russian oil purchases: Report

contact@dailyupdatesindia.com02 mins

India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…

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Trump sanction fallout: HMEL halts Russian oil imports after new US curbs; denies blacklisted ship-use reports

contact@dailyupdatesindia.com02 mins

HMEL, a joint venture between Lakshmi Mittal and Hindustan Petroleum Corporation Ltd (HPCL), announced on Wednesday that it has suspended imports of Russian crude oil following new Western restrictions on Moscow’s energy trade. In a statement, the Bathinda-based refinery said the suspension would remain in place “pending receipt of any outstanding orders” and cited “new…

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