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Less Gulf, more Russia: RIL diversifies crude sourcing amid market turmoil due to Iran war
Reliance Industries increased crude oil sourcing from Russia and Latin America. This strategic move reduced dependence on Arabian Gulf crudes during volatile markets. The company also completed planned turnarounds of key refining units. Global crude markets faced disruptions and supply chain issues. Brent crude prices averaged over one hundred dollars a barrel.
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economictimes.indiatimes.com
India can find alternative sources for crude, but LPG at risk: Executives
Industry executives said India should be able to source alternative crude and LNG supplies, albeit at higher prices. LPG supplies, however, which depend heavily on imports from…
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theprint.in
Russian crude continues to make up 50% of India’s oil imports in July as Hormuz risks persist
Russian oil remains India's biggest supply cushion, but experts say LPG & LNG imports remain highly vulnerable to renewed Strait of Hormuz disruption.
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Less Gulf, more Russia: RIL diversifies crude sourcing amid market turmoil due to Iran war
Reliance Industries increased crude oil sourcing from Russia and Latin America. This strategic move reduced dependence on Arabian Gulf crudes during volatile markets. The company…
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RIL charts multi-year plan to offset decline in natural gas output
Reliance Industries plans a multi-year campaign to boost natural gas output. This effort aims to offset declining production from existing fields. Elevated gas prices are…