Live Market Updates
Latest Financial News
News Feed
1 articles
Personalized
Live Market Updates
Latest Financial News
neutral
6 days agoReliance Shifts Oil Imports to Middle East Amid Sanction Pressures
Reliance Industries has further cut Russian oil purchases to avoid Trump-era secondary sanctions, increasing imports from the Middle East and U.S. suppliers. Analysts estimate a 10% rise in non-Russian crude procurement this quarter. The refiner continues to hedge against volatility as oil prices hover near $89 a barrel. Policy experts say the diversification reduces geopolitical risk while aligning with India’s energy security strategy.
neutral
6 days agoReliance Shifts Oil Imports to Middle East Amid Sanction Pressures
Reliance Industries has further cut Russian oil purchases to avoid Trump-era secondary sanctions, increasing imports from the Middle East and U.S. suppliers. Analysts estimate a 10% rise in non-Russian crude procurement this quarter. The refiner continues to hedge against volatility as oil prices hover near $89 a barrel. Policy experts say the diversification reduces geopolitical risk while aligning with India’s energy security strategy.
neutral
Reliance Shifts Oil Imports to Middle East Amid Sanction Pressures
6 days ago
1 min read
63 words
Reliance Industries has shifted oil imports away from Russia toward Middle Eastern and U.S. suppliers to mitigate sanction risks and stabilize energy supply.
Reliance Industries has further cut Russian oil purchases to avoid Trump-era secondary sanctions, increasing imports from the Middle East and U.S. suppliers. Analysts estimate a 10% rise in non-Russian crude procurement this quarter. The refiner continues to hedge against volatility as oil prices hover near $89 a barrel. Policy experts say the diversification reduces geopolitical risk while aligning with India’s energy security strategy.
Reliance Industries has further cut Russian oil purchases to avoid Trump-era secondary sanctions, increasing imports from the Middle East and U.S. suppliers. Analysts estimate a 10% rise in non-Russian crude procurement this quarter. The refiner continues to hedge against volatility as oil prices hover near $89 a barrel. Policy experts say the diversification reduces geopolitical risk while aligning with India’s energy security strategy.
Tags:
Reliance Industries
crude oil
Reliance Industries
crude oil
energy
imports
sanctions
Oct 24, 2025 • 20:29 IST