Macro Finance
Reliance Drives India’s Venezuela Oil Imports to Seven-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 India's growing reliance on discounted crude from sanctioned nations amid tightening global supply.
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