ReferIndia News Venezuela's oil unlikely to lift global oil supplies anytime soon

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Venezuela's oil unlikely to lift global oil supplies anytime soon

Published on: Jan. 5, 2026, 10:50 p.m. | Source: Livemint

India, which imported around 400,000 barrels per day of Venezuelan crude before sanctions were imposed in 2020, currently procures a negligible quantity from the country. And not all Indian refineries can process viscous and heavy crude from the Latin American nation.

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