Reliance cuts Russian crude share in oil imports by 13%: Report
Reliance Industries reduced the share of Russian crude in its oil imports to 43% in October from 56% in September, The Economic Times reported. The company's Russian oil purchases dropped about 24% month-on-month to 5,34,000 barrels per day. The decline follows US sanctions on Russian oil majors Rosneft and Lukoil and continued US pressure on India over Russian oil imports.