India’s largest private refiner Reliance Industries Ltd relied on diversified crude sourcing and operational agility to navigate a volatile energy market during the last quarter of FY26, marked by geopolitical disruptions and sharp cost swings.
After the Iran war disrupted oil and gas flows from Gulf countries, Reliance, which operates the world’s largest oil refining complex at Jamnagar in Gujarat — tapped non-Persian Gulf suppliers to replace barrels lost due to the conflict, according to an investor presentation the company made post fourth quarter earnings announcement.
“Persian Gulf loading contracts were replaced to minimize run cut,” it said. “Crude sourcing diversified from multiple geographies.”
Reliance said it “worked with Middle East suppliers on alternative routing for stranded crude.” It, however, did not elaborate.
Global crude markets remained largely oversupplied through most of the 2025-26 fiscal year, even as sanctions by the US and EU on Russian oil tightened .​India’s largest private refiner Reliance Industries Ltd relied on diversified crude sourcing and operational agility to navigate a volatile energy market during the last quarter of FY26, marked by geopolitical disruptions and sharp cost swings.
After the Iran war disrupted oil and gas flows from Gulf countries, Reliance, which operates the world’s largest oil refining complex at Jamnagar in Gujarat — tapped non-Persian Gulf suppliers to replace barrels lost due to the conflict, according to an investor presentation the company made post fourth quarter earnings announcement.
“Persian Gulf loading contracts were replaced to minimize run cut,” it said. “Crude sourcing diversified from multiple geographies.”
Reliance said it “worked with Middle East suppliers on alternative routing for stranded crude.” It, however, did not elaborate.
Global crude markets remained largely oversupplied through most of the 2025-26 fiscal year, even as sanctions by the US and EU on Russian oil tightened . ​Latest News [ SOBAN NEWS: International and National ]
