10 Aug 2026

02:32

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Home Blog Reliance Industries Pivots Back to Russian Oil with U.S. Waiver

Reliance Industries Pivots Back to Russian Oil with U.S. Waiver

codarx

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Update date: 2026/03/06

India’s largest private refiner, Reliance Industries, is sounding the market for buying Russian crude, an anonymous source told Bloomberg on Friday, after the United States on Thursday issued a temporary one-month license to India allowing it to purchase Russia-origin crude loaded on vessels before or on March 5.  Even before the waiver was issued, India was considering returning to buying Russian crude amassed in floating storage in Asia as the war in Iran and Tehran’s retaliatory strikes in the region have severely disrupted…

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