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What will be the volume of Venezuelan oil imported by Reliance Industries in Q4 2024?
3
Resolution / Starting Odds
Less than 5 million barrels • 25%
5-10 million barrels • 25%
10-15 million barrels • 25%
More than 15 million barrels • 25%
Publicly available trade data and official statements from Reliance Industries
Story
Reliance Industries Secures US Approval to Resume Venezuelan Oil Imports Despite Sanctions
Jul 24, 2024, 06:31 AM
Reliance Industries has secured approval from the United States to resume importing oil from Venezuela despite the recent reinstatement of sanctions on trade with the country by the White House. Reliance, India's largest buyer of Venezuelan crude, had been affected by these sanctions. This approval, confirmed by a source, marks a significant development in the energy sector, allowing Reliance to continue its crude imports from Venezuela.
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Below 500,000 barrels per day • 25%
500,000 to 1,000,000 barrels per day • 25%
1,000,000 to 1,500,000 barrels per day • 25%
Above 1,500,000 barrels per day • 25%
Russia (Rosneft) • 25%
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Moderate decrease • 25%
No change • 25%
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Below 800,000 barrels per day • 25%
800,000 to 900,000 barrels per day • 25%
900,000 to 1,000,000 barrels per day • 25%
Above 1,000,000 barrels per day • 25%
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Less than 10 million barrels • 25%
10-20 million barrels • 25%
20-30 million barrels • 25%
More than 30 million barrels • 25%