India and Venezuela explore deeper energy partnership amid oil market shifts

India and Venezuela are exploring deeper energy cooperation as both countries seek to leverage changing global oil market dynamics and strengthen long-term engagement in the hydrocarbon sector. Indian companies are interested in expanding their presence in Venezuela's oil and gas sector, while Caracas aims to attract investment and revive production. The partnership reflects India's strategy of diversifying crude procurement and Venezuela's efforts to revive its oil sector after years of sanctions and underinvestment.