Venezuela's oil exports to India fell 21 percent in first half: data
Venezuela`s oil shipments to India, its third largest export market, fell 21 percent to 280,000 barrels per day in the first half of this year, according to internal documents from state-run PDVSA seen by Reuters.
Venezuela`s 30-year production low and shipping woes from years of mismanagement, underinvestment and payment delays are affecting all of its customers. But the impact on India is growing as its refiners are preparing for a "drastic reduction to zero" of oil imports from U.S.-sanctioned Iran.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.