(Jan 2): At least three tankers carrying Russian crude are indicating Reliance Industries Ltd’s plant on India’s west coast as their next destination, after the refiner restarted some purchases for domestic production. A Reliance spokesman said the company doesn’t have any committed cargoes of Russian crude for delivery in January. Rosneft was previously the refiner’s largest source of Russian oil, underpinned by a term deal to supply 500,000 barrels a day. Russian oil deliveries to Reliance’s Jamnagar refinery complex made up more than 40% of the plant’s imports in the January to November period last year. Reliance isn’t the only Indian refiner taking Russian crude, with state-owned Indian Oil Corp and Bharat Petroleum Corp also picking up cargoes from non-sanctioned sellers.

Source: The Edge Markets January 02, 2026 06:48 UTC