Venezuela has suspended crude oil exports to India, one of its key markets until very recently, Reuters reported on Tuesday, citing a statement from the energy ministry of Azerbaijan, where Venezuela’s Oil Minister Manuel Quevedo is on a visit for this past weekend’s OPEC+ panel meeting and for talks with his Azeri counterpart. “Russia and China are seen as the main destinations because of the suspension of oil exports to India,” Reuters quoted the Azeri ministry as saying in a statement after a meeting between the Venezuelan and Azeri oil and energy ministers on Tuesday. “Quevedo said in order to prevent a sharp reduction, various measures are being implemented and diversification of the export market is underway,” the statement further reads, as carried by Reuters. India has been one of the largest buyers of Venezuelan oil and the second-largest customer paying in cash, following the United States. Russia and […]