The United States is in "active negotiation" over the sale of Venezuelan oil to India, to help India diversify its sources of crude oil, U.S. The United States doesn't want anyone buying Russian oil," Gor said. The U.S. had pitched the sale of Venezuelan oil to India to help replace Russian oil imports, Reuters reported last month. It granted licences to trading houses Vitol and Trafigura to market and sell millions of barrels of Venezuelan oil after capturing Venezuelan president Nicolas Maduro last month and reaching a supply agreement with interim president Delcy Rodriguez. State-run Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum as well as private-sector refiners Reliance Industries and HPCL-Mittal Energy have ordered Venezuelan oil, Reuters has reported.

Source: The Telegraph February 20, 2026 09:47 UTC