The US imposed tariffs on India last year for buying oil from Venezuela. Now, the US is once again suggesting that India buy oil from Venezuela, as the United States wants to offer India an alternative to buying oil from Russia.
According to sources who spoke to Reuters, the US has told India that it can help replace Russian oil imports. For this, India could resume oil purchases from Venezuela.
India is reducing oil purchases from Russia
According to sources who spoke to Reuters, after the US threatened to increase tariffs, India promised to cut back on its purchases of Russian crude oil.
The US has recently claimed several times that India is on track to reduce its Russian oil imports by several hundred thousand barrels per day in the coming months.
Reuters was told that India bought approximately 1.2 million barrels per day of oil from Russia in January, and it is estimated that this will decrease to approximately 1 million barrels per day in February and 800,000 barrels per day in March.
This oil import from Russia could even drop to around 500,000-600,000 barrels per day. Doing so would help India secure a trade agreement with the United States.
Will India buy oil from Venezuela?
Due to the reduction in purchases from Russia, the US is approving trade with Venezuela for oil supplies. The reason behind this is that US President Donald Trump believes he has a claim to Venezuelan oil.
The US military arrested Venezuelan President Nicolás Maduro on the night of January 2-3. Since then, the US has considered itself to have a claim on Venezuelan oil.
T20 WC: Samson makes a huge mistake during victory celebrations, throwing his helmet onto the field after hitting the winning boundary! Will the ICC take action?
Star wicketkeeper-batsman Sanju Samson, who led India to the semi-finals of the T20 World Cup 2026, could be in trouble. He made a mistake in the Super 8 match on Sunday that could lead to
The title of 'Battle of Galwan' has been changed; Salman Khan's film will now be released under this new name.
A major update regarding the Battle of Galwan has emerged ahead of its release. Salman Khan has changed the film’s title.
Ind vs Eng: India reach T20 World Cup final; celebs celebrate, Nusrat dances, Ajay Devgn says this
On Thursday, the Indian cricket team secured a place in the T20 final with a brilliant performance. From Ajay Devgan to Nusrat Bharucha, many celebrities expressed their joy over the Indian cricket
Shivaji Jayanti: Huge crowds at Shivneri Fort on Shivaji Jayanti caused chaos; police say no stampede occurred.
Today is the 396th birth anniversary of Chhatrapati Shivaji Maharaj. A large crowd gathered at Shivaji's birthplace in Shivneri, Maharashtra. Chaos and a stampede ensued, injuring several people,
West Asia Tensions: Trump hints at talks with Iran, angering Iran; Larijani says he will not compromise.
Ali Larijani, Secretary of Iran's Supreme National Security Council, has categorically dismissed the possibility of talks with the United States. Posting on the social media platform X, Larijani
T20 World Cup: Six longest sixes in T20 World Cup, Hardik and Dubey enter the top five; who is in first place?
Hardik Pandya hit a 109-meter six, and Shivam Dube hit a 107-meter six against Namibia on Thursday in the T20 World Cup 2026, taking them into the top five in the list of longest sixes in T20 World
Mohammad Deepak receives death threats, a reward is also announced; the controversy arose in Kotdwar over the use of the name "Baba".
Mohammad Deepak, who came into the spotlight amidst a dispute over a shop name change in Kotdwar, has received death threats on social media. A reward of two lakh rupees has also been offered for his
Will Aamir Khan be able to convince Arijit Singh to change his decision? Users speculated after watching this viral video.
On January 27, Arijit Singh announced his retirement from Bollywood playback singing. His decision surprised many in the music and Bollywood industries.
Delhi Excise Policy Case: Kejriwal broke down after the court's decision, saying - I am not corrupt, AAP is staunchly honest
Delhi's Rouse Avenue Court has granted a major relief to former Delhi Chief Minister Arvind Kejriwal and former Deputy Chief Minister Manish Sisodia in the case filed by the Central Bureau of
'Allah saved me': Farooq Abdullah's first reaction after assassination attempt in Jammu; Omar meets father
Former Jammu and Kashmir Chief Minister and National Conference President Farooq Abdullah was attacked during a wedding ceremony on Wednesday night. The attacker attempted to shoot him from behind,
