Browsing: crude oil imports

Large Indian refiners are ramping up their purchases of Russian oil, enticed by highly competitive prices. In contrast, Reliance Industries is treading carefully, opting to hold back amid the current geopolitical uncertainties, Bloomberg reports

A cutback in Reliance’s Russian crude imports could dramatically reshape India’s oil supply and pricing dynamics, especially amid rising global geopolitical tensions and the urgent drive to diversify import sources. This move might just redefine the future of India’s entire energy strategy