Reliance buys an extra 2 mn bbls of Saudi oil for April loading: Report

Reliance Industries Ltd, operator of the world's biggest refining complex, has bought 2 million barrels of additional Saudi oil in a very large crude carrier for loading in April, trade sources said on Thursday. No immediate comment was available from Reliance.

State-run Saudi Aramco, the world's top oil exporter, has slashed its selling price for April and announced plans to raise output to a record 12.3 million barrels per day (bpd). It was not immediately clear which crude Reliance will replace with the additional.....

This article is no longer available in our repository.

There could be multiple reasons for this.