US Venezuela Move: Oil Game Changer? Impact on Indian Energy Stocks Explored

• Lifting US sanctions on Venezuelan oil could significantly increase global supply, potentially lowering crude oil prices in the medium to long term.
• Indian energy giants like RIL, ONGC Videsh, Oil India, HPCL, and BPCL stand to gain from renewed access to Venezuelan crude.
• RIL could see improved margins due to cheaper Venezuelan oil imports, currently around 2 million barrels monthly.
• ONGC Videsh (OVL) expects production to surge from 12-15k to 45-50k barrels/day in Venezuela, potentially receiving $500 million and pending dividends.
• Oil India, HPCL, and BPCL anticipate accelerated project work, increased cash flow, lower oil costs, and better refining margins.

Why It Matters: US lifting Venezuelan oil sanctions could reshape global oil markets, benefiting Indian energy firms.