India’s Reliance Industries , owner of the world’s biggest refining complex, imported 5 percent 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.
The private refiner shipped in about 29 percent from Latin America in May compared with about 35 percent a year ago, while the share of Middle East grades in its overall purchases increased to about 63 percent from about 51 percent. The share of African grades in its overall purchases rose to about 8 percent in May from about 3 percent. Following are details of Reliance’s crude and condensate imports. Read More