Venezuela has surged to become India's third-largest crude oil supplier this May, surpassing Saudi Arabia and the US. Indian refiners are boosting purchases of cheaper Venezuelan heavy crude due to its attractive economics and compatibility with complex refineries. This shift comes as West Asia conflict disrupts traditional shipping routes, prompting India to diversify its oil sourcing.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3XHWV0F
