Faisal

23 May 2026

Venezuela has emerged as India’s third-largest crude oil supplier thi… – Faisal

Venezuela has emerged as India’s third-largest crude oil supplier this May, overtaking both Saudi Arabia and the United States as Indian refiners ramp up purchases of cheaper heavy crude. Analysts say the shift is driven by attractive pricing and the compatibility of Venezuelan oil with India’s complex refining infrastructure, especially amid global supply disruptions and rising energy concerns. #Venezuela #India #CrudeOil #Energy