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  1. 9 hours ago · India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters. The shift to rouble payments follows Russian President Vladimir Putin ’s push for Moscow and its ...

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  3. 12 hours ago · A term deal with Rosneft also helps privately run Reliance to secure oil at discounted rates at a time when the OPEC+ group of oil producers is expected to extend voluntary supply cuts beyond June. The OPEC+ group comprising the Organisation of the Petroleum Exporting Countries (OPEC) and allies including Russia is due to discuss the output ...

  4. 12 hours ago · Reliance Industries has signed a one year contract with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, reported Reuters. Reliance Industries operates the world's biggest refining complex. "India is a strategic partner for Rosneft oil company," the Russian company said in an emailed response to questions from ...

  5. 12 hours ago · The Rosneft deal offers Reliance, a private company, access to discounted oil at a time when OPEC+ is likely to maintain production cuts beyond June. OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies like Russia, will discuss output levels in an online meeting on June 2nd.

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