Venezuela's staggering debt situation has captured global attention. After enduring prolonged economic strife coupled with U.S. sanctions, ...

US attacked Venezuela for oil or Nicolas Maduro? This explainer details the US military operation, capture of Nicolas Maduro, criminal char...

The US has imposed sanctions on four companies and associated oil tankers operating in Venezuela's oil sector, intensifying pressure on Pre...

Asian buyers are seeking significant price cuts for Venezuelan oil. This is driven by a surplus of sanctioned crude from Russia and Iran. I...

China Concord Resources Corporation has started developing two oilfields in Venezuela. The company plans to invest over one billion dollars...

Venezuela's PDVSA and India's Reliance Industries have restarted an oil swap deal after a pause due to U.S. sanctions. A U.S. license grant...

Indian oil refiner Reliance Industries has resubmitted a request to the US for authorization to import crude oil from Venezuela, allowing i...

OVL agreed to provide loans of up to USD 60 million for implementing the remediation plan of the project. Under the loan arrangement, it pr...

The two European energy companies, which have joint ventures with Venezuelan state-run oil company PDVSA, can count the crude cargoes towar...

Such a step by Reliance, which operates the world's biggest refining complex, and Nayara - part owned by Russian oil major Rosneft - would ...

RIL operates twin refineries with a capacity to process 1.36 million barrels per day of crude oil at Jamnagar in Gujarat.

Reliance has purchased Venezuelan crude oil from companies such as Rosneft long before the imposition of the US sanctions.

One internal PDVSA document indicated shipments of Venezuelan oil to Reliance in April would be settled via Rosneft.

Venezuela is the third largest supplier of oil to India which is the world's third-biggest oil consumer.

The Indian market is crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC ...

The South American nation is turning its focus to cash-paying buyers, especially in India, its second-largest customer after the US.

ONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corporation (ONGC), will sign an agreement on April 8 to take 40 per ce...