Reliance Industries may stand to lose the most among global refiners if the US enforces a 25% secondary tariff on India from Aug. 27, as Indian refiners tell Energy Intelligence that they will not order or receive any Russian crude "in the interests of the nation” after the secondary tariff is in place.
India's Reliance May Lose Most From US Tariffs on Russian Oil
Reliance’s term contract with Russia’s Rosneft at least offers flexibility on volumes but replacing Russian barrels will come at a cost.
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