Venezuelan Interim President Visits India to Strengthen Energy Cooperation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2026
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Source: Newsfilter
- Energy Import Surge: In May, India became the second-largest importer of Venezuelan oil, purchasing an average of 427,000 barrels per day, second only to the U.S., indicating India's increasing reliance on Venezuelan energy amid global supply chain tensions.
- High-Level Talks Scheduled: Venezuelan Interim President Delcy Rodriguez will visit India from June 3 to 7, where she will meet with Prime Minister Narendra Modi to discuss cooperation across various sectors including energy, trade, and investment, aiming to further solidify bilateral relations.
- Historical Context: Rodriguez previously visited India in February 2025 as oil minister to participate in the India Energy Week, making this visit not only a continuation of past collaborations but also an opportunity to seek new partnerships in the current international landscape.
- Supply Chain Challenge Response: As India faces supply disruptions from the U.S.-Israeli conflict affecting the Strait of Hormuz, it has resumed oil purchases from Venezuela, demonstrating its adaptability in the global energy market, particularly after the easing of U.S. sanctions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
