{"id":78399,"date":"2026-02-06T08:50:53","date_gmt":"2026-02-06T11:50:53","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/889964674"},"modified":"2026-02-06T08:50:53","modified_gmt":"2026-02-06T11:50:53","slug":"trump-effect-reliance-buys-first-venezuelan-oil-cargo-since-mid-2025","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/06\/trump-effect-reliance-buys-first-venezuelan-oil-cargo-since-mid-2025\/","title":{"rendered":"Trump effect? Reliance buys first Venezuelan oil cargo since mid-2025"},"content":{"rendered":"<div><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i0.wp.com\/staticprintenglish.theprint.in\/wp-content\/uploads\/2025\/05\/ANI-20250505104647-e1770369411215.jpg?ssl=1\" class=\"ff-og-image-inserted\"><\/div>\n<div id=\"postexcerpt\">\n<p>Reliance Industries Ltd. has returned to Venezuelan crude after a pause that began in the middle of last year, as India seeks to diversify its supply and US intervention brings the South American country\u2019s oil back to market.<\/p>\n<p>The refining giant has taken one Very Large Crude Carrier with a cargo of around 2 million barrels, according to a person familiar with the transaction. The person asked not to be named as they aren\u2019t authorized to speak to the media.<\/p>\n<div class=\"third-para\">\n<p>Reliance did not respond to an email seeking comment.<\/p>\n<p> <button id=\"examples-expand\" class=\"ap-m-clip-expand\"> <span> Show Full Article  <\/span> <\/button><\/div>\n<\/div>\n<div id=\"postcontent\">\n<p>The deal is India\u2019s first since the US seized former president Nicolas Maduro last month and stepped into the country\u2019s oil sector. It also comes after Washington and New Delhi struck a trade deal that slashes tariffs on Indian exports. US President Donald Trump tied the agreement to the end of Russian oil imports, though New Delhi has not&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-03\/india-s-refiners-seek-clarity-on-russian-oil-after-trump-deal\" target=\"_blank\" rel=\"noopener noreferrer\">provided detail<\/a>.<\/p>\n<p>India has previously bought cargoes of Venezuelan crude and Reliance took imports until last year, under a&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-24\/reliance-gets-us-approval-to-resume-crude-imports-from-venezuela\" target=\"_blank\" rel=\"noopener noreferrer\">US sanctions waiver<\/a>. It accounted for<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-25\/venezuela-oil-crisis-deepens-with-india-refiners-halting-imports\" target=\"_blank\" rel=\"noopener noreferrer\">&nbsp;about 25%<\/a> of the Latin American country\u2019s exports in 2019.<\/p>\n<p>India\u2019s oil import decisions will be guided by&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-05\/india-says-energy-security-remains-key-to-oil-imports-strategy\" target=\"_blank\" rel=\"noopener noreferrer\">energy security<\/a>&nbsp;and supply diversification concerns, foreign ministry spokesperson Randhir Jaiswal told reporters at a briefing on Thursday.<\/p>\n<p>\u201cEnsuring the energy security of 1.4 billion Indians is the supreme priority of the government,\u201d Jaiswal said. \u201cIndia remains open to exploring the commercial merits of any crude supply options, including from Venezuela.\u201d<\/p>\n<p>Oil traders Vitol Group and Trafigura Group have both&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-12\/trading-giants-want-to-sell-venezuelan-oil-to-asia-s-big-buyers\" target=\"_blank\" rel=\"noopener noreferrer\">been offering<\/a>&nbsp;Venezuelan crude to buyers in top importers China and India in recent days. Indicative price levels for Asia delivery have been around a $5 to $8 a barrel discount to ICE Brent futures in the middle of January, for arrival in April.<\/p>\n<p><em>This report is auto-generated from Bloomberg news service. ThePrint holds no responsibility for its content.<\/em><\/p>\n<\/div>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; Large Crude Carrier with a <span class=\"match\">cargo<\/span> of around 2 million barrels &#8230; detail. India has previously bought <span class=\"match\">cargoes<\/span> of Venezuelan crude and Reliance &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-78399","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=78399"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78399\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=78399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=78399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=78399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}