India to Buy Venezuelan Crude Oil as Protection from Chaos in West Asia? | Vantage with Palki Sharma
India is reportedly looking to buy crude oil from Venezuela.
Crude from Venezuela made up about 5-7% of India's oil imports up to 2019.
U.S. sanctions that year forced India to stop buying Venezuelan crude.
But the U.S. has eased sanctions and India is looking at Venezuela again amid the chaos in West Asia.
India has made smart moves in the oil market in recent years, and Venezuela could help insulate India from oil shocks.
Palki Sharma reports.
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Venezuela | Crude Oil | India | Oil Import | USA | West Asia | Nicholas Maduro | Energy Security Policy | OPEC | Russia | Firstpost | World News | Vantage | Palki Sharma
#venezuela #india #crudeoil #oilimport #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
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