Large Indian Refiners Take Russian Oil as Reliance Avoids Trade

RELIANCE:IN,ROSN:RM,IOCL:IN,BPCL:IN,HPCL:IN,LKOH:RM,0526794D:IN

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Weilun Soon

Rakesh Sharma

Sanjai P R

Sanjai PR

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Russia’s Vital Oil Trade With India Is Down, But Not Out

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Exclusive: Four out of India’s seven largest refiners are now in the market for non-sanctioned Russian crude, even as heavyweight Reliance stays away.

Bharat Petroleum Corp. 

Four out of India’s seven largest refiners are now in the market for Russian crude as deep discounts push buyers to seek out non-sanctioned barrels, even as heavyweight Reliance Industries Ltd. stays away.

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