Chevron sells oil toReliance for first time since 2023 as Venezuela readies larger cargoes for export

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US oil giant Chevron has made its first sale of Venezuelan crude oil to India's Reliance Industries. This marks the first time in about six years that Reliance has purchased Boscan crude, a heavy oil used in asphalt production. The deal was negotiated this month, signifying a notable development in oil trade between the two nations.