{"id":562868,"date":"2023-03-16T10:21:35","date_gmt":"2023-03-16T04:51:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=562868"},"modified":"2023-03-16T10:21:35","modified_gmt":"2023-03-16T04:51:35","slug":"ril-shifts-its-oil-traders-to-dubai-from-mumbai","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-shifts-its-oil-traders-to-dubai-from-mumbai\/","title":{"rendered":"RIL shifts its oil traders to Dubai from Mumbai"},"content":{"rendered":"<p>Reliance Industries (RIL) has shifted most of its oil traders from Mumbai to Dubai, executing a plan announced in 2021, but which now coincides with the city\u2019s growing stature as a commodities hub after Russia\u2019s war.<\/p>\n<p>Most of the refiner\u2019s oil procurement and trading are now conducted out of the UAE\u2019s biggest city, said sources.<\/p>\n<p>An RIL spokesperson declined to comment when contacted on the matter. India and China have become key consumers of discounted Russian crude after most others shunned the OPEC+ producer\u2019s barrels following the invasion of Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) has shifted most of its oil traders from Mumbai to Dubai, executing a plan announced in 2021, but which now coincides with the city\u2019s growing stature as a commodities hub after Russia\u2019s war. Most of the refiner\u2019s oil procurement and trading are now conducted out of the UAE\u2019s biggest city, said sources. An RIL spokesperson declined to comment when contacted on the matter. India and China have become key consumers of discounted Russian crude after most others shunned the OPEC+ producer\u2019s barrels following the invasion of Ukraine.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-562868","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=562868"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562868\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=562868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=562868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=562868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}