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RELIANCE LOOKS TO RE-SELL MID-EASTERN SPOT CRUDE
Hindustan Times Pune
|November 07, 2025
India’s Reliance is attempting to resell some Middle Eastern crude it snapped up last month to replace Russian oil because of ‘Western sanctions, people familiar with the matter said.
The refiner halted purchases from Moscow last month after supplier Rosneft was sanctioned by the US and it bought at least 12 million barrels of spot crude from the Middle East and the ‘Americas, they added.
The Indian conglomerate, which has a long-term deal to buy nearly 500,000 barrels a day of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.
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