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flag Venezuela resumes oil exports via large tankers to India, boosting shipments since U.S. sanctions eased.

flag Venezuela has begun exporting oil using very large crude carriers (VLCCs) for the first time since a U.S.-Venezuela deal in January, shifting from smaller tankers to boost shipments to India and reduce Caribbean storage pressures. flag The move, enabled by a U.S. Treasury general license, allows larger vessels to carry up to 2 million barrels each, cutting costs and speeding deliveries. flag Major buyers include Indian refiners like Reliance Industries and Indian Oil Corp, while U.S. refiners such as Chevron, Valero, and Phillips 66 are also ramping up processing. flag The change signals a revival in Venezuela’s oil exports, which had been constrained since 2019.

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