US EditionIndian Refiners Pivot From Russian to Venezuelan Crude
Reliance Industries shifts from Russian to Venezuelan crude after U.S. license; over 2 million barrels are due next month, boosting alternative supply options.
- 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.
18 Articles
18 Articles
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…
February 24, 2026 – Washington – EFE. The president of the United States recently highlighted during his speech on the State of the Union the reception of 80 million barrels of crude from Venezuela. In his official intervention, the president referred to the South American nation as a new strategic ally and fundamental trading partner for the current energy supply. This announcement marks a significant change in diplomatic rhetoric and underline…
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…
State of the Union: Trump Says U.S. Received 80 Million Barrels of Oil from 'Our New Friend Venezuela'
President Donald Trump announced during his annual State of the Union address on Tuesday night that the United States has received 80 million barrels of oil from the socialist rogue state of Venezuela this year, a development made possible by the arrest of its dictator, Nicolás Maduro. The post State of the Union: Trump Says U.S. Received 80 Million Barrels of Oil from ‘Our New Friend Venezuela’ appeared first on Breitbart.
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