Reliance Buys 6 Million Barrels of Russian Oil for March
Reliance bought 6 million barrels of Russian oil for March delivery after Middle East supplies were hit by war. The deal follows a recent US sanctions waiver.
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RELIANCE INDUSTRIES LTD has purchased at least 6 million barrels of crude oil from Russia for delivery in March. This procurement comes as energy supplies from the Middle East have been impacted by the conflict in Iran.
Refiners in India have been buying millions of barrels of prompt Russian oil cargoes that were previously stuck at sea. This follows a 30-day waiver granted by the United States for cargoes loaded as of March 5.
