India Is Offered Tiny Volume of Venezuelan Oil as Most Goes to U.S.  ...Middle East

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Offers of Venezuelan crude to India are limited, and in small volumes, as most of the oil under U.S. control is heading to the United States, Indian refining executives told Reuters. Since the U.S. took control of Venezuela’s oil sales and authorized two of the world’s biggest independent traders, Vitol and Trafigura, to market the crude, Indian refiners have vied for crude from Venezuela as they seek to diversify the large exposure to Russian crude they had amassed over the past three and a half years. Indian Oil Corporation, Hindustan…

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