India Turns to Venezuela for Cheaper Crude Oil Amid West Asia Tensions

Against the backdrop of rising tensions in West Asia, India is strategically diversifying its crude oil procurement. Indian refineries are increasingly purchasing cheaper crude oil from Venezuela, with Reliance Industries emerging as the largest buyer. This month, Venezuela has positioned itself as the third-largest crude oil supplier to India, after Saudi Arabia and the United States. The affordable Venezuelan crude is providing much-needed relief to Indian refineries, which are facing mounting pressure from volatile global energy markets.

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Видео India Turns to Venezuela for Cheaper Crude Oil Amid West Asia Tensions канала ETV Andhra Pradesh