Indian state refiners purchase 2 million barrels of Venezuelan crude from Trafigura
Indian Oil and HPCL have purchased 2 million barrels of Venezuelan crude to diversify supplies. This shift follows the efforts to reduce Russian oil imports.
Insights:
Indian state-owned refiners Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have purchased 2 million barrels of Merey crude from Venezuela 
VE through the trading firm Trafigura. The cargo, which is scheduled for delivery in the second half of April, represents a significant development for the energy sector in India 
IN as refiners adjust their sourcing strategies.
VE through the trading firm Trafigura. The cargo, which is scheduled for delivery in the second half of April, represents a significant development for the energy sector in India IN as refiners adjust their sourcing strategies.
