India's Reliance to buy sanctions-compliant Russian oil in February and March, sources say

Core Viewpoint - Reliance Industries Ltd is poised to receive sanctions-compliant Russian oil in February and March after a one-month hiatus, indicating a resumption of its oil procurement strategy amidst geopolitical tensions [1] Group 1: Company Operations - Reliance Industries operates the world's largest refining complex, highlighting its significant role in the global oil market [1] - The company is adapting to changing market conditions by sourcing Russian oil that complies with sanctions, reflecting its strategic flexibility [1] Group 2: Industry Context - The resumption of Russian oil imports by Reliance Industries may influence global oil supply dynamics, particularly in light of ongoing geopolitical developments [1] - The decision to resume imports after a pause suggests potential shifts in the oil market landscape, as companies navigate compliance with international sanctions [1]