Reliance buys 6 mn barrels of Russian oil after US waiver: Report

Reliance Industries has bought at least 6 million barrels of Russian oil for March delivery, Reuters reported, citing industry sources. Indian refiners, in totality, have purchased millions of barrels after the US granted India a 30-day waiver from sanctions for cargoes loaded on vessels as of March 5, Reuters added. India imports over 85% of its crude oil requirements.