US Moves Strategically: Pushes India from Russia to Venezuela in Oil Diplomacy
New Delhi: The United States has granted India permission to purchase crude oil from Venezuela, a move aimed at reshaping global oil trade amid shifting supply dynamics. The development comes as India has pledged to significantly reduce its oil imports from Russia, according to three sources who spoke to Reuters on the condition of anonymity due to the sensitivity of the matter.
The US intends for India to replace Russian oil imports with Venezuelan crude. This decision follows India’s commitment to cut back on its Russian oil purchases. Previously, the US had imposed tariffs on Indian imports of Russian oil. Over the coming months, India is expected to reduce its daily oil imports from Russia by several hundred thousand barrels, sources indicated.
Trump’s New Oil StrategyFormer US P...









