How India, China can gain from Trump's move to hurt Venezuelan oil industry

US sanctions may mean more supply becomes available for the OPEC producer's other big customers: China and India

A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.

If the U.S. decides to deploy a slate of sanctions that it’s said to have drafted against the Latin American nation, American refiners -- the No. 1 consumer of Venezuelan crude exports -- would be forced to cease purchases. That may mean more supply becomes available for the OPEC producer’s other big customers: China and India.

The opportunity to soak up the extra supplies from Venezuela at potentially cheap prices would be a boon for the