Reliance returns to buying Venezuelan oil

Reliance has resumed importing Venezuelan crude after a hiatus, acquiring a 2 million barrel cargo. This marks India's first purchase since US intervention in Venezuela's oil sector and follows a US-India trade deal. Previously, Reliance was a significant buyer of Venezuelan oil before US sanctions.

Feb 7, 2026 - 10:30
 0
Reliance returns to buying Venezuelan oil
Reliance has resumed importing Venezuelan crude after a hiatus, acquiring a 2 million barrel cargo. This marks India's first purchase since US intervention in Venezuela's oil sector and follows a US-India trade deal. Previously, Reliance was a significant buyer of Venezuelan oil before US sanctions.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow