Jefferies sees ONGC, Reliance windfall as Venezuela oil shift unlocks $500 million dues
ONGC and Reliance may be staring at a surprise windfall as Jefferies sees Venezuela’s oil shift as a game-changer.
A thaw in US-Venezuela ties could unlock ONGC’s $500 mn frozen payout and revive RIL’s access to cheap crude boosting refining margins and profits ahead of FY26.