India’s Reliance Industries May oil imports fall about 7% y/y

India’s Reliance Industries May oil imports fall about 7% y/y

India’s Reliance Industries Ltd, owner of the world’s biggest refining complex, imported 6.8% less oil in May than a year ago, according to data from shipping and industry sources. The sources declined to be identified as they were not authorised to speak with the media.

Oil rises on tensions after Middle East tanker attacks

Oil rises on tensions after Middle East tanker attacks

Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.

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