Business

Reliance Industries and Venezuelan Oil

Updated 2026-10-08 07:40 UTC 1 source Neutral

Reliance Industries, an Indian firm, is the top buyer of Venezuelan oil outside the U.S., underscoring India's significant role in international oil trade. This highlights geopolitical implications for energy markets.

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CNBC
Outside the U.S., India is the biggest destination for Venezuelan oil, with Reliance Industries purchasing the bulk of it.
2026-10-08 07:25 UTC
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