India’s Reliance Industries Ltd. has shifted most of its oil traders from Mumbai to Dubai, executing a plan announced in 2021, but which now coincides with the city’s growing stature as a commodities hub after Russia’s war in Ukraine.
Most of the refiner’s oil procurement and trading are now conducted out of the United Arab Emirates’ biggest city, said people familiar with the matter, asking not to be named as they’re not authorized to speak publicly.
While Reliance’s ambitions in Dubai p...
