US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

New US sanctions on Russia’s top oil firms could affect Reliance Industries’ crude imports. State-run refiners may continue buying Russian oil through traders. Reliance, a major buyer, might need to adjust its imports. Other companies like Nayara Energy could also face changes. These developments are expected to reduce Russian oil flows by January.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *