Reliance resumes purchases of Iraqi crude after a one-month pause, data show

Reliance Industries has resumed buying crude oil from Iraq after a one-month pause, suggesting a pickup in real demand among major Asian refiners for Middle Eastern barrels. While the move does not reflect a large new contract or a sudden geopolitical disruption, it is the first confirmed purchase of Iraqi crude in the recent period. The transaction is presented as an early indication of marginal tightening on the supply side, offering structural support to global oil markets, according to the data.