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 Petrochemicals Limited (MRPL), for its part, has booked a cargo of Brazil’s grade Tupi for the first time, according to Bloomberg . Indian refiners are also snapping up more crude oil from American producers as the country looks intent on cutting its dependence on crude from the Middle East and is looking for cheaper options, arbitrage permitting. India, which relies on imports for more than 80 […]