Thursday, October 1, 2020

Reliance Industries buys Canadian heavy crude to offset Venezuelan decline: Sources

The deal, large for Canada, shows how global buyers are scrambling for new sources of heavy oil. Venezuela's production has collapsed over the last several years, and U.S. sanctions have squeezed its ability to sell oil to international buyers, including Reliance.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3n6ISZc

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