📈 RELIANCE in Focus as Jamnagar SEZ Shifts Away from Russian Crude
RELIANCE has completed its transition to non-Russian crude for all exports from its Jamnagar SEZ refinery, ahead of the December 1 EU sanctions deadline. Despite being India’s largest buyer of Russian oil, RIL is now processing alternative crude grades while still honoring previously committed cargoes.
On the market front, RIL’s stock continues to show bullish momentum, even as technical indicators flash overbought conditions, signaling strong investor confidence amid shifting global energy dynamics.
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