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Reliance Industries makes first purchase of US crude: Sources
Reliance bought 1 million barrels each of West Texas Intermediate (WTI) Midland and Eagle Ford crude which are expected to arrive in November, they said.
New Delhi: Reliance Industries Ltd , owner of the world’s biggest refining complex, has bought its first ever crude oil cargoes from the United States, drawn by the oil`s economics after the price spread between U.S. crude futures and Brent futures widened, three trade sources said on Tuesday.
Reliance bought 1 million barrels each of West Texas Intermediate (WTI) Midland and Eagle Ford crude which are expected to arrive in November, they said.