Ambani’s Reliance In Focus Amid EU Sanctions on Russia Oil

The oil-procurement patterns of India’s Reliance Industries Ltd. are coming under scrutiny after the European Union announced new restrictions on diesel made from Russian crude.

Reliance bought Abu Dhabi’s Murban crude in a rare purchase late last week, traders said, adding that it picked up the cargo soon after Friday’s sanction package. The private refiner isn’t a regular buyer of the UAE grade, a premium crude that tends to be costlier than its regular appetite of Russian Urals and heavier Middle Eastern varieties.