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Reliance tries to sell US oil as more flows in from Russia

Financial Express Mumbai

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April 17, 2024

RELIANCE INDUSTRIES OFFERED US oil to other buyers in Asia last week, an unusual move for refiners who rarely seek to resell crude within weeks of buying it.

- SHARON CHO & SERENE CHEONG

The country's biggest private processor tried to sell West Texas Intermediate Midland crude for May loading, according to traders with knowledge of the matter who asked not to be identified.

Reliance didn't immediately respond to a request for comment.

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