Reliance Industries said on Thursday (August 7, 2025) continuing geopolitical and tariff-related uncertainties may affect trade flows and the demand-supply balance.
In its annual report, the company said crude prices remain volatile amid evolving sanctions, changing tariff regimes and output decisions by OPEC and non-OPEC members.
“If we cave under pressure, we risk losing access to cheaper Russian crude, which could squeeze refining margins. That’s a risk for Reliance and oil marketing companies,” said Pramod Gubbi, co-founder at Marcellus Investment Managers.
Oil marketing companies were last trading lower between 0.6% and 2% in a weak market with the benchmark Nifty 50 down 0.6%.
– Reuters
