India Resumes Venezuelan Crude Purchases After U.S. Opens Market

Market Intelligence Analysis

AI-Powered
Why This Matters

India's Reliance Industries has resumed purchasing Venezuelan crude, securing the first Indian purchase since the U.S. took control of Venezuela's oil sales, with a cargo of 2 million barrels.

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 private refiner, Reliance Industries, is buying Venezuelan crude again, securing the first Indian purchase of oil from the world’s top reserves holder since the U.S. took control of Venezuela’s oil sales early last month. Reliance Industries has purchased a cargo of around 2 million barrels, an anonymous source with knowledge of the deal told Bloomberg on Friday. Reliance Industries last bought crude from Venezuela in the middle of 2025, under a special waiver from the U.S. Administration from mid-2024. Last month,…

Continue Reading
Full article on OilPrice.com
Read Full Article
Original article published by OilPrice.com on February 6, 2026.
Analysis and insights provided by AnalystMarkets AI.