More cheap Venezuelan oil heading to India: how likely is it?

Soon, perhaps on Tuesday or Wednesday, Degas, a super-large crude tanker laden with Venezuelan oil, is expected to dock in Jamnagar to offload 2 million barrels of dirty, sulfur-rich crude, shipping data show. This puts the cheapest crude available to India back within reach, nearly five months after the United States reimposed restrictions on the South American country’s oil exports.

The 42-day journey, which is being made around the Horn of Africa to avoid missiles fired by Houthi rebels at tankers taking the shorter route via the Suez Canal, will end on the western coast of India on