Reliance eyes buying Venezuelan oil after Russian oil halt“We await clarity on access for Venezuelan oil by non-U.S. buyers and will consider buying the oil in a compliant manner,” Reliance Industries’ spokesperson said in a statement. Since March 2025, Reliance stopped buying Venezuelan oil as President Donald Trump announced a 25% tariff on nations buying crude from the South American producer. Meanwhile, Reliance has officially stated it anticipates zero Russian crude deliveries in January 2026. Earlier, India’s largest importer of Russian crude, often accounting for nearly half of India's total Russian oil imports. US willing to sell Venezuelan oil to India?

Source: dna January 09, 2026 07:06 UTC