The Indian company Reliance Industries sold American oil to other buyers in Asia last week, and this comes in an unusual step for refineries, and this matter aims to resell the crude within weeks of purchasing it, and the largest private refineries in India tried to sell West Texas Intermediate crude. Broker "Midland".

India has moved away from some of its traditional suppliers, especially after Russia's expansion into Ukraine during 2022, taking advantage of cheaper oil from Russia that other buyers have avoided. Purchases have declined in the recent period, especially with the United States tightening sanctions on Moscow. Sokol crude shipments are considered a major degree of… Among those that were avoided.

The country purchased “Sokol” crude, which prompted buyers and encouraged them to sell more expensive alternatives. During this month, officials did not expect New Delhi companies to stop buying Russian oil, and the West Texas Intermediate crude “Myland”, “Sokol” and “Murban” are considered UAE. Grades are similar, and produces more diesel than the alternative crude when refined.

Traders have not determined whether Reliance's resale of US oil is arranged by the resumption of purchases of Sokol crude, and it is not expected whether flows of Russian crude heading to India will return to last year's levels. Traders indicated that Reliance is trying to sell shipments of… Murban crude loading April and May before US oil is offered for sale.