Source: Reuters (via feed)
India’s Reliance Industries Ltd has purchased at least 6 million barrels of Russian oil for March delivery. Two industry sources with knowledge of the matter provided this information. The sources also noted that supplies from the Middle East were affected due to the Iran war. No additional details have been disclosed about the transaction.
BizTrendWire Insight:
The purchase reflects a notable volume of Russian crude oil sourced by an Indian company. It coincides with reports of Middle East supply disruptions linked to the Iran conflict.
The purchase reflects a notable volume of Russian crude oil sourced by an Indian company. It coincides with reports of Middle East supply disruptions linked to the Iran conflict.
