Reliance resumes Russian oil imports amid US sanctions
after close1 source ↓written by the desknot a recommendation
- amid potential declines
- 660,000-barrel-a-day refinery
India's largest refiner, Reliance Industries Ltd., has resumed sourcing Russian oil from non-sanctioned suppliers, contracting Aframax tankers from RusExport. This strategy aims to maintain supply to its 660,000-barrel-a-day refinery amid potential declines in Russian oil purchases due to recent US sanctions on major producers. The market is closely monitoring these developments as they unfold.
Not investment advice. For informational purposes only.