India’s Largest Refinery Operator Denies Report of Russian Oil Deliveries
Market Intelligence Analysis
AI-PoweredReliance Industries, India's largest private refinery operator, has denied a report by Bloomberg stating that Russian oil shipments are en route to its Jamnagar refinery, claiming the report is 'blatantly untrue'. The company stated it has not received any Russian oil cargoes over the past three weeks and has not made any orders for deliveries this month.
Market impact analysis based on neutral sentiment with 90% confidence.
Article Context
Reliance Industries, India’s biggest private refinery operator, has not received any Russian oil cargoes over the past three weeks and has not made any orders for deliveries this month, the company said in a post on X. In a statement that denied a Bloomberg report about Russian oil shipments en route to Reliance’s Jamnagar refinery, the company said “A news report in Bloomberg claiming 'three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery' is blatantly untrue.” “Reliance…
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