Venezuelan oil finds home in India as US shuns shipments

While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February, with imports jumping 66 per cent to 620,000 barrels a day. Refiners Reliance Industries Ltd (RIL) and Nayara Energy Ltd, which is backed by Rosneft Oil Co PJSC, are driving the boost.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2BG6M7D