<div id="readability-page-1">Vivekanand Subbaraman of Ambit Capital says the near-term outlook for Reliance’s refining and oil-to-chemicals business remains challenging, as Indian refiners face sharply higher crude and input costs due to disruptions in Middle East supplies. However, he expects conditions to improve after the Iran war, with logistics normalizing and Middle East players likely shifting focus back to upstream operations.</div>

RELI

<p>Ambit Capital 的 Vivekanand Subbaraman 指出，由於中東供應中斷導致原油和輸入成本上升，Reliance 的煉油和油氣化工業務在短期內面臨挑戰。然而，他預計在伊朗戰爭後會出現復甦，物流將恢復正常，中東企業將重新關注上游業務</p>

Reliance 在第四季度收益中看到了石油衝擊的影響，分析師預計未來將會恢復