Indian state-owned refiners are to consider buying more US and Venezuelan crude after the trade deal with the US, Bloomberg reports

Indian state-owned refiners are to consider buying more US and Venezuelan crude after the trade deal with the US, Bloomberg reports.

This development suggests a shift in Indian energy procurement strategies, likely prompted by improved trade relations with the U.S. Increasing reliance on U.S. and Venezuelan crude could impact global oil supply dynamics, potentially supporting prices in the short term. Additionally, it highlights India's strategic pivot in energy sourcing, which might influence currency flows and broader geopolitical considerations within the region.