India's Oil Strategy! What's Next |News| Trending news
1 year ago
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#VantageOnFirstpost: India is reportedly looking to buy crude oil from Venezuela. Crude from Venezuela made up about 5-7% of India's oil imports up to 2019. U.S. sanctions that year forced India to stop buying Venezuelan crude. But the U.S. has eased sanctions and India is looking at Venezuela again amid the chaos in West Asia. India has made smart moves in the oil market in recent years, and Venezuela could help insulate India from oil shocks. Palki S Upadhyay reports.
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