India is facing a lingering cooking gas shortage as refineries ramp up production and fresh global supplies are sourced, including cargoes from the US. Authorities are urging households to shift to piped gas while tackling hoarding and price gouging. The disruption is already driving price hikes and pressuring businesses across the supply chain.
With Russian oil increasingly off-limits, India is looking at alternatives. Venezuelan crude from Caracas is tempting for cost reasons, but turning that promise into profit depends on navigating complex supply chains, pricing, sanctions risk, and refinery compatibility. The real question is whether volumes and economics can align quickly enough to matter.
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