US EditionIndian Refiners Pivot From Russian to Venezuelan Crude
- Reliance Industries, India’s largest refiner, secured a license from the United States federal government earlier this month and bought its first Venezuelan crude cargo since 2023 on the Ottoman Sincerity Suezmax tanker.
- Facing pressure from Washington, Indian refiners reduced Russian imports, prompting Reliance to explore Venezuelan crude after U.S. sanctions targeted Rosneft.
- Cargo manifests indicate the Boscan crude is en route on the Ottoman Sincerity Suezmax tanker, with Reliance also buying 2 million barrels from Vitol and three VLCCs loading next month at Jose port, Venezuela.
- Financially, U.S. officials project oil sales from Venezuela under U.S. control will bring $5,000,000,000 over the next few months, while Reliance Industries explores direct deals with Venezuela’s PDVSA.
- Shipping schedules suggest at least three VLCCs at Jose port and tankers chartered by Vitol and Trafigura signal a logistical revival of Venezuelan exports to Indian refiners shifting from Russian crude.
24 Articles
24 Articles
New Delhi started buying oil from Venezuela.
Trump: The United States has received more than 80 million barrels of oil from Venezuela. US President Donald Trump revealed on Wednesday that his country has received more than 80 million barrels of oil from Venezuela since the ouster of President Nicolas Maduro...
The President of the United States, Donald Trump, announced this Tuesday, in his State of the Union speech, the reception of “more than 80 million barrels” of Venezuelan oil, and described the South American country as “friend and partner.” “We just received more than 80 million barrels of oil from our new friend and partner Venezuela,” he said in his address, indicating that U.S. crude production has been increased by “more than 600,000 barrels…
As part of his State of the Union speech, President Donald Trump of the United States reported that Venezuela sent more than 80 million barrels of oil to the United States, while he presumed the operation with which U.S. troops captured Nicolás Maduro. “Now no one can believe what he is seeing. U.S. oil production has increased by more than 600,000 barrels a day, and we have just received 80 million barrels of oil from our new friend and partner…
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
