VERIFIEDET Finance·7 Oct 2026positive

Ambani's Reliance drives India’s Venezuela oil imports to seven-year high

AI Summary

·India's Venezuelan oil imports are projected to reach a seven-year high this month, potentially exceeding 465,000 barrels a day.
·Reliance Industries is increasing its intake of Venezuelan crude due to attractive discounts.
·Higher import levels are attributed to appealing discounts on Venezuelan oil, despite potential processing challenges for some refineries.