News
09 February 2026

Reliance buys 2m barrels of Venezuelan oil

In:
Oil & gas
Region:
Americas, Asia-Pacific

India's Reliance Industries has purchased two million barrels of Venezuelan crude oil from Vitol, in its first such transaction in nearly a year, sources said. The oil, set for April delivery, was acquired at a discount of approximately $6.5–7 per barrel to ICE Brent. The transaction...

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