Imports are expected to rise to 465,000 barrels per day, their highest level in nearly seven years. The Daily Journal.— India’s imports of Venezuelan crude are set to double in October after seven years without trade due to sanctions, driven largely by Reliance Industries, the Asian country’s largest private conglomerate. According to Bloomberg, Reliance accounted […]
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The Daily Journal.— Venezuela ranked among India’s five largest oil suppliers during the six months of war in Iran, accounting for nearly 5% of the Asian giant’s total imports, according to data from analytics firm Kpler. Venezuela joined Brazil in the Russia-led group, followed by the United Arab Emirates and Saudi Arabia, as the global […]
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The Daily Journal — U.S. refineries are increasing their purchases of Venezuelan crude oil, putting imports on track to reach their highest level in nearly a decade, according to a report by Bloomberg. Refineries along the U.S. Gulf Coast have stepped up acquisitions to secure heavy crude supplies as wildfires in Canada threaten logistics and […]
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