Indian oil refiners see opportunity in Trump’s Venezuela action
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Indian oil refiners, particularly Reliance, are poised to capitalize on the recent actions taken by the Trump administration regarding Venezuela. With sanctions impacting Russian oil supplies, these refiners are looking for low-cost alternatives, and Venezuela presents a viable option. This shift could reshape the dynamics of oil sourcing for Indian companies, enhancing their competitive edge in the global market.
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📚Bağlam ve Tarihsel Perspektif
The Trump administration's actions against Venezuela have opened up opportunities for countries like India, which are seeking to diversify their oil supply sources. The sanctions on Russian oil due to geopolitical tensions have further complicated the global oil market, prompting refiners to explore alternative suppliers.
This article reflects the opinions of the Financial Times and does not necessarily represent the views of all stakeholders in the oil industry.
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