India Weighs Venezuelan Crude as Russian Risks Rise

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Why This Matters

India's largest refiner, Reliance Industries, is considering buying Venezuelan crude again if sales are permitted to non-U.S. buyers, following the U.S. decision to allow limited Venezuelan exports.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

India’s largest refiner is signaling it may be ready to reopen a door it closed less than a year ago — if Washington lets it. Reliance Industries said Thursday it would consider buying Venezuelan crude again if sales are permitted to non-U.S. buyers, showing just how quickly global oil trade patterns are being reshuffled after the United States moved to allow limited Venezuelan exports following the capture of Venezuelan leader Nicolas Maduro. Reliance, which operates the world’s largest refining complex, stopped taking Venezuelan…

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Original article published by OilPrice.com on January 8, 2026.
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