US-Venezuela conflict: Crude shock worries grow worldwide, but India looks insulated -- here's why

Jan 4, 2026 - 06:00
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US-Venezuela conflict: Crude shock worries grow worldwide, but India looks insulated -- here's why
In the 2000s and 2010s, India bought vast amounts of crude oil from Venezuela, more than 4 hundred thousand barrels every day at the peak of this trade relationship. But since the US sanctions on the country in 2019, those trade volumes have gone down sharply.

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