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VENEZUELA CRUDE OUTPUT
Venezuela's largest refinery shutdown after power outage, sources sayVenezuela's largest Amuay refinery, a crucial fuel producer, faced a temporary shutdown due to a power outage following recent deadly earth...29 Jun, 2026, 09.11 AM IST- Oil edges lower amid resumption of strait shipments even as vessel hit near OmanOil prices are poised for significant weekly declines as supply worries ease with tankers navigating the Strait of Hormuz. Despite a cargo ...26 Jun, 2026, 07.05 AM IST
- ONGC, bp sign technical services contract to boost production from Western Offshore BasinONGC and bp have inked a deal to boost oil and gas output from the Western Offshore Basin. This partnership leverages bp's global expertise...25 Jun, 2026, 03.49 PM IST
- JP Morgan lowers Brent crude price forecast for second-half 2026J.P. Morgan has updated its Brent crude oil price forecast for 2026, lowering expectations due to unexpectedly weaker inventory draws and a...24 Jun, 2026, 05.47 PM IST
- ONGC in talks to acquire PDVSA stakes in two Venezuela oilfieldsIndia's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC se...24 Jun, 2026, 12.53 AM IST
- ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...21 Jun, 2026, 04.47 PM IST
- ONGC's overseas arm set to revive Venezuela operationsONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL ...16 Jun, 2026, 12.56 AM IST
- Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...11 Jun, 2026, 10.45 AM IST
- OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...10 Jun, 2026, 08.21 PM IST
- From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...08 Jun, 2026, 12.01 PM IST
- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...27 May, 2026, 05.24 PM IST
- India turns to Latin American, African oil after Hormuz disruptionIndian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...25 May, 2026, 01.50 PM IST
- Venezuela third largest supplier of crude to India in MayIndia's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and th...22 May, 2026, 05.30 AM IST
- Venezuela's oil exports jump to highest since 2018, with more sales to US, IndiaVenezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in over seven years, driven by increased sales to th...01 May, 2026, 09.35 PM IST
- Oil up 1% as market assesses Venezuela upheavalOil prices jumped by about 1% on Monday as traders assessed the possible impact on oil flows from the U.S. capture of President Nicolas Ma...05 Jan, 2026, 08.52 PM IST
- Venezuela’s vast oil reserves and Trump’s bold US strategy: What it means for America’s energy futureAmerica's focus shifts to Venezuela's oil wealth. President Donald Trump plans to involve US energy firms in rebuilding Venezuela's oil sec...04 Jan, 2026, 01.10 PM IST
- Oil rises as reality dawns over Venezuela's export crisisOpec-member Iraq said on Wednesday a production increase was not on the table.07 Jun, 2018, 07.46 AM IST
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