The Economic Times

Reliance looks to Latin America, North America and the Mediterranean as Middle East oil disruptions put supply chains under pressure

In response to global energy market turmoil, Reliance Industries revamped its crude oil sourcing strategy for the July-September quarter. The company pivoted its petroleum exports to international markets, optimizing profitability. With the Strait of Hormuz and Saudi Arabia's pipeline creating hurdles, Reliance sought crude oil from Latin America and North America.