The limited supplies and high costs of Venezuelan oil will keep energy flowing from Russia to its traditional friend India, analysts say
India will not cut off Russian crude supplies even if the current US push for it to take in more Venezuelan oil to cool global fuel prices masks the larger goal of weakening New Delhi’s energy ties with Moscow.
US Secretary of State Marco Rubio said in Mumbai on Tuesday that India diversifying its energy supplies is a “smart thing to do.”
Some analysts see a hidden geopolitical and economic goal behind those words and Rubio’s push for Indian conglomerate Reliance to buy and refine more Venezuelan oil.
“A key US goal is to weaken the Indo-Russian relationship by steering India farther away from Russian crude,” geopolitical analyst Brahma Chellaney posted on X on Thursday.
“Washington’s underlying diplomatic objective is to get India to substitute Russian oil with US crude and US-controlled Venezuelan oil.”
Washington imposed an additional 25% tariff on Indian goods in…