US Pitches Venezuelan Oil to India Amid Push to Reduce Russian Crude Dependence
World
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Firstpost•31-01-2026, 13:41
US Pitches Venezuelan Oil to India Amid Push to Reduce Russian Crude Dependence
- •The US has suggested India resume Venezuelan oil purchases to reduce reliance on Russian crude, following new tariffs.
- •This is part of a broader US strategy to shift India's oil imports away from Russia and recalibrate energy ties.
- •India is expected to significantly cut Russian crude imports in the coming months due to US pressure and rising costs.
- •The proposal coincides with renewed India-Venezuela diplomatic engagement, including a call between PM Modi and Delcy Rodríguez.
- •Venezuela has opened its hydrocarbons sector to private investment, aiming to attract foreign capital and revive its oil industry.
Why It Matters: The US is encouraging India to diversify oil imports from Russia to Venezuela amidst geopolitical shifts and tariffs.
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