Reliance selling fuels from India to Venezuela to avoid U.S. sanctions

NEW DELHI/MEXICO CITY: India’s Reliance IndustriesNSE -0.93 %, operator of the world’s biggest refining complex, has turned to selling fuels to Venezuela from India and Europe to circumvent sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been supplying alkylate, diluent naphtha, and other […]

Venezuela suspends oil exports to India

BAKU: Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela’s oil minister. The Azeri ministry issued the statement on Tuesday following talks in Baku between Azerbaijan’s energy minister and Venezuelan oil minister and president of state-run oil […]