India’s Reliance Snaps Up 15 Million Barrels Of Cheap Russian Oil

Indian private conglomerate Reliance Industries has purchased at least 15 million barrels of discounted Russian crude since the start of the Russian invasion of Ukraine, Reuters reported on Friday, citing trade sources and tanker data, as Indian refiners take advantage of record discounts for Russia’s crude shunned in the West. Reliance Industries—which owns the biggest refinery in India and the biggest refining hub in the world, Jamnagar—has bought on average 5 million barrels of Russian crude for delivery in each month…