Oil refining giant, Reliance Industries, will likely spend more money buying Venezuelan crude oil from the United States, compared to what the company would spend buying from the Middle Eastern nations, according to Brahma Chellaney, an expert who works for the non-profit think tank, Centre for Policy Research (CPR). In a social media post on X, Brahma Chellaney said that Reliance will be buying Venezuelan crude oil, but not from the South American nation, but from the United States, which carried out ‘large-scale’ strikes and arrested President Nicolas Maduro. “Once shipping costs are added, Venezuelan crude will in fact cost Reliance slightly more than Middle Eastern supplies.
