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Tariff risks to weigh on crude supply: RIL warns
The New Indian Express Kollam
|August 08, 2025
RELIANCE Industries, which runs the world's largest single-location oil refinery with a 60 million tonne of refining capacity, on Thursday, warned that the continuing geopolitical and tariff-related uncertainties could disrupt trade flows and the demand-supply balance in its oil-to-chemicals business.
The company, in FY25 annual report on Thursday, said though it expects crude prices to remain volatile amid evolving sanctions, changing tariff regimes and output decisions by oil cartel OPEC and non-OPEC members, oil demand is likely to maintain growth despite growing electric vehicle adoption as the economy is on a strong footing.
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