US oil major Chevron sold its first cargo of Venezuelan crude to Mukesh Ambani-led Reliance Industries since December 2023, according to a report by Reuters. The cargo includes Boscan heavy crude which is expected to be shipped on the Ottoman Sincerity vessel. This also marks the first sale of the Boscan heavy crude in about six years.Reliance Industries’ has also purchased a 2-million-barrel cargo from Vitol for March loading and is exploring direct purchases from PDVSA, as per Reuters. India steps up Venezuelan oil purchases Several PSU refiners, including Indian Oil Corporation, Bharat Petroleum Corporation and HPCL have also recently bought Venezuelan crude.