CommoditiesMedium•8 October 2026•
1 min read
Reliance Industries Leads Non-U.S. Buyers of Venezuelan Crude in September
Key Facts
1Reliance Industries emerged as the largest buyer of Venezuelan crude oil outside the United States in September.
2India imported 257,000 barrels per day of Venezuelan crude in September, with 76% going to Reliance Industries.
Reliance Industries emerged as the largest buyer of Venezuelan crude oil outside the United States in September. CNBC reported that India imported 257,000 barrels per day of Venezuelan crude during the month, with 76% of those volumes going to Reliance Industries.
Reliance Industries shares RIGD.L closed at $49.45 on October 7, 2026. The shift highlights the company's strategic capacity to process heavy Venezuelan crude and its execution in securing strategic global supply routes.