By Admin 
Reliance Industries Oil Strategy: Political turmoil regarding crude oil has intensified at the global level. Now the matter seems to be becoming more serious regarding buying oil from Russia. America has adopted a strict stance on this. The US Congress has passed a proposal to impose 500 percent tariff on countries purchasing cheap oil from Russia. This proposal has been passed unanimously by everyone in America.
Due to which the concern of many countries has increased. This decision may impact countries like India, China and Brazil. Who have been buying crude oil from Russia at low prices. Meanwhile, the discussion regarding Indian company Reliance Industries is also intense.
The company has indicated that if permission is granted under the rules, it may consider buying oil from Venezuela. In response to Reuters’ queries to CNBC-TV18, the company said that if sales to non-US buyers are allowed, the company will consider buying oil from Venezuela. Let us know the condition of company shares…
venezuela oil revenge game
Reliance Industries had stopped buying Venezuelan crude oil from March 2025. The reason for this was that America had announced to impose 25 percent tariff on countries buying oil from Venezuela. After this, the company last received the consignment of oil from Venezuela in the month of May. In view of America’s tough attitude, Reliance had increased the purchase of crude oil from Russia.
Now a change is being seen in the situation. There has been a coup in Venezuela. America’s control over Venezuela’s oil business has increased and it is coming to light that further oil sales will be done through America.
These companies can also buy oil from Venezuela
If the sale of Venezuelan crude oil is based on American terms, then some other Indian companies may also show their interest in this deal. Companies like Indian Oil and Hindustan Petroleum can consider buying Venezuelan oil.
Status of company shares on BSE
Shares of Reliance Industries on BSE are showing a positive trend on Friday, January 9, the last trading day of the week. At around 2:15 pm, the company shares were trading at Rs 1472, up 0.17 percent or Rs 2.50.
The shares started the trading day at Rs 1466.95. The high level of the day was Rs 1480. Talking about the 52-week high level of the company, during this period the shares had touched the figure of Rs 1611.20. Whereas the low level of 52 weeks is Rs 1115.55.
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