India’s Reliance Industries has suspended shipments of much-needed diluents to Venezuela’s PDVSA and will not resume them until U.S. sanctions against the South American country are not lifted. Reuters quoted a statement by the company as saying Reliance has also not raised the amount of oil it buys from PDVSA under a 2012 contract that stipulated it would buy between 300,000 and 400,000 bpd of Venezuelan crude for a period of 15 years. However, Reuters calculations suggest that Reliance has been importing less than 300,000 bpd from…