{"id":614174,"date":"2023-11-01T10:12:46","date_gmt":"2023-11-01T04:42:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614174"},"modified":"2023-11-01T12:02:13","modified_gmt":"2023-11-01T06:32:13","slug":"indias-potential-shift-towards-venezuelan-crude-amid-eased-us-sanctions-a-strategic-analysis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-potential-shift-towards-venezuelan-crude-amid-eased-us-sanctions-a-strategic-analysis\/","title":{"rendered":"India\u2019s Potential Shift Towards Venezuelan Crude Amid Eased US Sanctions: A Strategic Analysis"},"content":{"rendered":"<p>Indian refiners are likely to consider the Venezuelan market to import discounted barrels, according to a report by S&amp;P Global Commodity Insights. As the US has eased the sanctions on Venezuela including on its oil exports, if the refining economics would favour Venezuelan crude in the future, S&amp;P Global has said that Indian refiners may need to displace crude from their existing sources, which might include West Asian, Latin American and US crudes. During the pre-sanctions period from 2017 to 2019, India imported approximately 300,000 barrels per day of Venezuelan crude grades. These imports represented around 5percent-7percent of India\u2019s total crude oil imports during that time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian refiners are likely to consider the Venezuelan market to import discounted barrels, according to a report by S&amp;P Global Commodity Insights. As the US has eased the sanctions on Venezuela including on its oil exports, if the refining economics would favour Venezuelan crude in the future, S&amp;P Global has said that Indian refiners may need to displace crude from their existing sources, which might include West Asian, Latin American and US crudes. During the pre-sanctions period from 2017 to 2019, India imported approximately 300,000 barrels per day of Venezuelan crude grades. These imports represented around 5percent-7percent of India\u2019s total [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-614174","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=614174"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614174\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}