India Diversifying Oil Imports; Talks on Venezuelan Crude Underway, Says U.S. Envoy

Brief by Shorts91 Newsdesk / 10:05am on 20 Feb 2026,Friday India Global

India is working to broaden its crude oil supply sources, U.S. Ambassador to India Sergio Gor said on the sidelines of the India AI Impact Summit 2026 in New Delhi, signalling negotiations on potential Venezuelan oil purchases as New Delhi seeks alternatives to Russian crude. Gor noted that India has already begun diversifying away from Russian oil, a shift Washington supports as part of broader efforts to reduce global dependence on Moscow’s energy amid geopolitical tensions. He also said an interim India-U.S. trade deal is expected to be signed soon, strengthening economic and energy ties. (PC: HT)

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