The move is intended to partially alleviate global energy supply gaps caused by international conflicts. Rubio acknowledged that while Venezuela cannot fully offset all supply losses on its own, increasing shipments to Indian refineries could provide short-term relief to the market.
Tuesday, October 20, 2026
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US Pursues More Venezuelan Oil Refining at India's Reliance
Commodities8 hours ago
India is prepared to expand its processing of heavy crude from Venezuela, according to U.S. Secretary of State Marco Rubio. The U.S. will hold discussions on Tuesday with Reliance, one of India's largest energy groups, to coordinate increasing the import and refining of the oil. Rubio described India as a "refining superpower" and noted that Indian companies possess the specific technology and historical experience required to handle Venezuelan heavy crude.
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