Can Venezuelan oil save India amid the Hormuz energy crisis?
Key takeaways
- Venezuelan Acting President Delcy Rodriguez is expected to travel to India next week to discuss oil sales.
- Shipments from Venezuela to India are nearly 50 percent higher than they were in April, according to energy tracking data.
- India has been buying more Russian oil amid the global energy crisis triggered by the US-Israel war on Iran, much to the irritation of the US, which argues that revenues are supporting Russia’s war on Ukraine.
Why this matters: an international story with cross-border implications worth tracking.
Venezuelan Acting President Delcy Rodriguez is expected to travel to India next week to discuss oil sales.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Drilling rigs are seen at an oil well operated by Venezuela's state oil company PDVSA, at the oil rich Orinoco belt, near Morichal at the state of Monagas on April 16, 2015 [File: Carlos Garcia Rawlins/Reuters]By Caolán Magee Published On 22 May 202622 May 2026Venezuela has emerged as India’s third-largest crude oil supplier this month, as the war on Iran and the closure of the Strait of Hormuz force countries to scramble for alternative energy sources.
Shipments from Venezuela to India are nearly 50 percent higher than they were in April, according to energy tracking data.