In a major shift in the global energy landscape, India is navigating between two key crude oil suppliers, Russia, its long-standing and geographically close partner, and Venezuela, a distant but increasingly discussed alternative. This balancing act comes as India holds trade talks with the United States, which has linked tariff relief to a reduction in Indian purchases of Russian oil. Oil Transport and Delivery TimelinesRussia’s closeness has long worked in its favour. Venezuelan oil, however, faces a much longer journey. Venezuelan crude is heavier and more sulphur-rich, requiring more advanced processing.

Source: News 24 February 04, 2026 15:21 UTC