Australia & Reliance Industries

Australia: Australia's central bank has raised interest rates in response to the Iran war, indicating the global reach of the conflict's economic impact.

Reliance Industries: Reliance Industries, operator of the world's largest refinery, announced it would reduce alkylate output and exports to maximize LPG production, directly impacting global alkylate supply and United States — California's gasoline market.

Australia: Australia received €283 million of oil products refined from Russian crude, with exports increasing by 9% in December.

Reliance Industries: Reliance Industries, particularly its Jamnagar refinery, halved its imports of Russian crude oil in December 2025, largely due to U.S. sanctions on Rosneft. This action significantly contributed to India's overall import reduction.

Australia: Australia is an importer of oil products refined from Russian crude by countries like India and Turkey.

Reliance Industries: Reliance Industries' Jamnagar refinery is a key player in processing Russian crude and exporting refined products, including to the United States, demonstrating its role in global energy trade.