US and India negotiate Venezuelan oil sales to replace Russian crude imports

US envoy Sergio Gor confirmed active talks today regarding Venezuelan oil sales to India. This move aims to replace Russian crude and finalize a trade deal.

洞察:
The United States USUS is currently negotiating with India ININ over the sale of oil from Venezuela VEVE as part of a strategic effort to help India diversify its energy supplies. These high-level talks are directly linked to an interim U.S.-India trade deal that was recently agreed upon this month by President Donald Trump and Prime Minister Narendra Modi. A central condition of this deal requires India to reduce its reliance on crude sourced from Russia RURU in exchange for significant U.S. tariff concessions.
FILE PHOTO: Oil platforms and pumpjacks are seen at Lake Maracaibo in Cabimas, Venezuela, on January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
FILE PHOTO: Oil platforms and pumpjacks are seen at Lake Maracaibo in Cabimas, Venezuela, on January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
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