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Venezuela becomes India’s No. 3 Oil Supplier

Venezuela became India’s third-largest crude oil supplier, delivering about 417,000 barrels per day compared to 283,000 bpd in April and zero in the preceding nine months.

The surge allowed Venezuela to surpass Saudi Arabia, whose shipments to India nearly halved to 340,000 bpd amid aggressive pricing. Only Russia and the UAE supplied more crude to India this month, according to Kpler data.

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