RIL
Reliance shares sink over 5% after US strike triggers oil market shock
Mumbai/IBNS: Shares of Reliance Industries Limited (RIL) fell sharply by nearly 5% in early trade on Tuesday, amid heightened volatility in global oil markets following the US strike on Venezuela, media reports said.
The stock opened at Rs. 1,575.55, slightly lower than Monday’s closing price of Rs. 1,577.45.
During intraday trade, losses deepened to 5.1%, with the share price touching a low of Rs. 1,497.05.
Meanwhile, Reliance Industries strongly dismissed reports claiming that three vessels carrying Russian crude oil were en route to its Jamnagar refinery.
Responding to a Bloomberg report, the company said in a post on X: “A news report in Bloomberg claiming ‘three vessels laden with Russian oil are heading for Reliance Industries Limited’s Jamnagar refinery’ is blatantly untrue.”
Statement by Reliance Industries Limited:
— Reliance Industries Limited (@RIL_Updates) January 5, 2026
A news report in Bloomberg claiming “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” is blatantly untrue.
Reliance Industries’s Jamnagar refinery has not received any cargo of…
RIL clarified that its Jamnagar refinery has not received any Russian crude cargo in the past three weeks and is not expecting any Russian oil deliveries in January.
“We are deeply pained that those claiming to be at the forefront of fair journalism chose to ignore the denial by RIL of buying any Russian oil to be delivered in January and published a wrong report tarnishing our image,” the company added.
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