Trump admin wants to sell Venezuela oil to India, but how much can it buy?

AI Summary

The Trump administration is reportedly seeking to sell Venezuelan oil to India, where complex refining capacity could make some crude suitable. The scale of potential purchases remains uncertain because refinery compatibility, prices, shipping costs, and commercial viability could limit how much Indian refiners buy, including as a possible replacement for Russian supplies.

India’s attraction for the US lies in its sophisticated refining capacity. However, replacing Russian supplies on a significant scale is not straightforward: refinery compatibility, prices, shipping costs and commercial viability will influence whether Indian refiners buy more Venezuelan oil. How much Venezuelan crude can India realistically buy?