Tag: Oil trading
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Reliance to Halt Russian Crude Imports to Preserve Western Access
Overview Reliance Industries, India’s largest buyer of crude from Russia, is moving to curb its purchases from sanctioned Russian entities. The plan aims to align with Western sanctions and preserve Reliance’s access to key Western markets, including the United States and the European Union. People familiar with the matter say the conglomerate is preparing to…
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Reliance to halt sanctioned Russian crude imports to safeguard Western market access
Reliance moves to curb Russian crude imports Reliance Industries, India’s largest private sector energy company and the biggest buyer of Russian crude in the country, is taking steps to reduce purchases of Russian oil and is preparing to stop imports from sanctioned Russian entities. The move aligns with mounting pressure from Western sanctions aimed at…
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Reliance to curb Russian crude imports, protect Western access
Reliance moves to sever ties with sanctioned Russian crude Reliance Industries, India’s largest private sector energy company and a major buyer of Russian crude, is accelerating a shift away from sanctioned Russian crude and examining strategies to stop purchases from sanctioned entities. The move, confirmed by multiple industry sources, aims to align with Western sanctions…
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Nigeria Emerges as Africa’s Oil Trading Hub: The Next Growth Frontier
Nigeria’s Transformation into Africa’s Oil Trading Hub Nigeria is accelerating its evolution from a price-taker in the global oil market to a pivotal trading hub for Africa’s downstream sector. Industry leaders say the country’s strategic location, improving infrastructure, and policy reforms are turning the nation into a dynamic marketplace for refined petroleum products across the…
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Nigeria Emerges as Africa’s Oil Trading Hub: Growth Frontier
Introduction: Nigeria’s Transformation into a Trading Hub Nigeria is positioning itself as a major hub for refined petroleum products in Africa, moving beyond the traditional role of a price-taker. Industry leaders say the country is leveraging its strategic location, expanding infrastructure, and policy reforms to become a regional trading center for downstream oil and gas.…