Mukesh Ambani’s Reliance trying to re-sell Middle Eastern crude in rare move
Reliance is attempting to re-sell some Middle Eastern crude it snapped up last month to replace Russian oil because of Western sanctions, trade sources said.
The refiner halted purchases from Moscow last month after supplier Rosneft was sanctioned by the United States and it bought at least 12 million barrels of spot crude from the Middle East and the Americas, they added.
