Macro Finance
Reliance Drives India’s Venezuela Oil Imports to 7-Year High
Bloomberg Markets·October 7, 2026·1 min read
India's imports of Venezuelan oil are set to surge to the highest in almost seven years this month, as steep discounts lure refiners such as Reliance Industries Ltd. while Russian supplies become costlier. The shift highlights how price incentives are reshaping global crude trade flows.
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