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Reliance Snaps Up Kuwaiti Crude as India Shuns Sanctioned Russian Oil
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Why This Matters
Reliance Industries has purchased 1 million barrels of crude oil from Kuwait as Indian refiners largely stop buying oil from Russia following US sanctions. This move indicates a shift in India's oil sourcing strategy. The purchase is a result of a tender issued by Kuwait Petroleum Corporation.
Market Impact
Market impact analysis based on neutral sentiment with 60% confidence.
Sentiment
Neutral
AI Confidence
60%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India’s Reliance Industries, the top private refiner in the country, has bought 1 million barrels of crude from Kuwait, trade sources told Reuters on Tuesday, as most Indian refiners halt purchases from Russia after the U.S. sanctions on the top Russian oil producers and exporters. Reliance Industries of Indian billionaire Mukesh Ambani has bought the Kuwaiti crude via a tender issued last week by the national Kuwait Petroleum Corporation (KPC), according to Reuters’ sources. KPC sought buyers in a tender for 500,000 barrels…
Original article published by
OilPrice.com
on November 18, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.