India Turns to Venezuelan Crude as Middle East Supply Falters

India is expected to import the highest volumes of crude from Venezuela in six years as refiners returned to purchasing the now-unsanctioned oil just before the war in the Middle East crippled supply to the world’s third-largest crude importer. India is estimated to import as many as 12.51 million barrels of Venezuelan crude in April, per Kpler data cited by Bloomberg. This would be the highest volume of oil from Venezuela to arrive in India in one month since February 2020, and would mark the first import from the South American producer…