Macro Finance
US Eyes India’s Reliance to Refine Venezuelan Oil
Bloomberg Markets·October 20, 2026·1 min read
The US is looking to persuade India's Reliance Industries Ltd. to refine more Venezuelan crude as Washington seeks to bring additional supplies to a market rattled by the Iran conflict. The move would help stabilize global oil supply, leveraging Reliance's refining capacity to process Venezuelan oil despite US sanctions.
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