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Tariff risks to weigh on crude supply: RIL warns

The New Indian Express Hyderabad

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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.

- ENS ECONOMIC BUREAU @ Mumbai

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.

The New Indian Express Hyderabad

यह कहानी The New Indian Express Hyderabad के August 08, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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