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VENEZUELA CRUDE
Indian Oil Gujarat refinery to start operating at expanded capacity by end of FY27, executive saysIndian Oil's flagship refinery in Gujarat is expected to expand its capacity to 18 million metric tons. This expansion is part of the ongoi...- US strategic petroleum reserve falls to 44-year low: Why the oil stockpile is down to 283.8 million barrelsThe U.S. Strategic Petroleum Reserve has reached its lowest level since 1982 after sustained withdrawals. Crude oil stocks dropped to 283.8...
- India’s Russian oil imports fall 16.5% in August as Middle East supplies riseIndia’s Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi ...
- India’s oil buyers may cut Russia cargoes as US risk risesIndian refiners may reduce Russian crude imports amid new US sanctions. This move comes as the US legislation allows tariffs on countries b...
- India needs multi-route energy strategy as West Asia tensions threaten supplies: ExpertsGrowing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas...
- Russian oil uncertainty hangs over India’s largest buyersIndian state-owned refiners are facing rising crude supply uncertainty as Middle East disruptions coincide with the risk of tougher US rest...
- India must not let energy security become a US trade ‘weapon’, warns GTRIAccording to a warning from a US think tank, Indian goods could face tariffs as high as 100%. This move may compel India to significantly l...
- What America’s $100 billion Venezuela oil investment could mean for climate change, oil spills and vulnerable communitiesA significant United States investment in Venezuela's oil sector raises environmental concerns. Increased oil production could worsen exist...
- Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavierIndia is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infras...
- How the great gas crisis of 2030 will play outA speculative scenario set in October 2030 imagines a third global natural gas crisis in eight years, as faltering US shale output, extreme...
- Houthi advance in Red Sea leads oil past $108/bblOil prices rose significantly following strikes on Saudi infrastructure and ship attacks. Yemen's Houthi rebels strengthened their control ...
- The world wishes it had a 'diesel printer' as two wars push fuel to the brinkThe world is facing a severe diesel shortage as the US-Iran and Russia-Ukraine wars disrupt crude supplies, refinery operations and global ...
- Oil markets survived the Iran war sprint. Now comes the marathonThe Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has ris...
- A country without evenings: Cuba's blackouts pass 24 hours as Washington targets the firm that keeps its power plants runningThe United States has imposed new sanctions on Cuba, targeting key energy import companies. These measures aim to worsen the island's ongoi...
- India adds new crude suppliers, but Russia-led 5 countries retain grip on oil importsIndia expanded its crude sourcing to 31 countries during the six-month Iran war, but supply concentration increased sharply as Russia’s sha...
- The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil dealBillionaire Alejandro Betancourt, once investigated by US authorities over alleged money laundering linked to Venezuelan state oil firm PDV...
- Chevron expands Venezuela presence with $7 billion plan to double oil output in five yearsChevron shares rose 0.51% to $212.13 on Wednesday as the oil major announced plans to invest more than $7 billion in Venezuela. The company...
- Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources sayInternational energy giants are on the brink of finalizing key agreements for projects in Venezuela, which may be signed within the week. F...
- ONGC Videsh eyes Venezuela oil assets after US green lightAn Indian investment team is reviewing Venezuelan oil assets after receiving US government approval. This visit marks the first such trip i...
- US energy chief says Venezuela oil output to more than double in next few yearsUS Energy Secretary Chris Wright said oil deals expected to be signed in Caracas could more than double Venezuela’s crude production within...
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