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The Times of India News

Business / The Times of India

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No immediate impact seen on Indias oil supplies, prices

Developments in Venezuela are unlikely to immediately impact India's oil supplies or prices, as Venezuelan crude has been largely absent from global markets due to US sanctions. While bilateral engagement has weakened, experts suggest India could diversify its sources if Venezuelan oil re-enters the market, potentially offering a sentimental impact on emerging market currencies.

5 Jan 2026 3:57 am