Reliance, Nayara were top buyers of Venezuelan crude Both refiners can alter slates for new grades: Platts Analytics US, Mexican crudes can also offer some breathing space Singapore — The decision by US to impose sanctions on Rosneft Trading will dry up Venezuelan crude flows to India, as main buyers are expected to comply with the policy and instead aim to boost heavy crude imports from as far as Canada and other Latin America suppliers. Receive daily email alerts, subscriber notes & personalize your experience. Register Now As Reliance Industries and Nayara Energy — the two leading buyers of Venezuelan crude — are capable of processing a wide range of grades, sourcing alternative supplies won’t be a challenge, although it will intensify competition for heavier crude grades, potentially pushing up differentials, analysts told S&P Global Platts. While both refiners are also actively considering stepping up purchases of US […]