US pitches Venezuelan crude to India as its Russian oil imports slow, sources say

Core Insights - The United States has informed India that it can soon resume purchasing Venezuelan oil, which was previously restricted due to tariffs imposed last year [1] - This decision is aimed at helping India replace its imports of Russian oil [1] Group 1 - The U.S. imposed tariffs on India for buying Venezuelan oil last year [1] - India is now allowed to resume those purchases to mitigate the impact of reduced Russian oil imports [1]