India's Reliance Warns Tariffs Threaten Oil Market Stability

Reliance Industries, the top private refiner in India, has warned in its annual report that tariff uncertainties and geopolitical events could affect global crude oil flows and oil market balances.  “Continuing geopolitical and tariff-related uncertainties may affect trade flows and demand-supply balance,” the conglomerate Reliance Industries, owned and chaired by Indian billionaire Mukesh Ambani, said in its annual 2024-2025 report. “Global crude oil prices continue to remain volatile on the back of dynamic interplay of…