Reliance Industries Slashes Russian Crude Imports Under U.S. Sanctions Pressure

Market Intelligence Analysis

AI-Powered
Why This Matters

Reliance Industries, India's largest private refiner, will reduce its Russian crude imports due to U.S. sanctions, shifting to non-sanctioned suppliers from February, impacting the global oil market.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

India’s largest private refiner, Reliance Industries, will import about 150,000 barrels per day (bpd) of non-sanctioned Russian crude from February, as it limits intake from Russia and complies with the U.S. sanctions, a source with knowledge of the procurement plans told Bloomberg on Thursday. Before the U.S. sanctions on Russia’s top producers Rosneft and Lukoil, Reliance Industries of Indian billionaire Mukesh Ambani was the biggest buyer of Russian crude oil, importing more than 500,000 bpd thanks to a long-term deal…

Continue Reading
Full article on OilPrice.com
Read Full Article
Original article published by OilPrice.com on January 29, 2026.
Analysis and insights provided by AnalystMarkets AI.