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VENEZUELA CRUDE EXPORTS
Rust, power cuts and delays: Inside Venezuela’s oil export crisisVenezuela's oil exports face significant delays due to ageing port infrastructure. Tankers wait up to thirty days for loading, slowing oper...- Big bets, bigger risks: Why US oil majors are holding back in VenezuelaUS oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to a...
- Russia crude prices swing wildly amid Iran warThe landscape of Russian crude prices for Indian refiners has seen considerable volatility influenced by the Iran war. Initially, discounts...
- Prolonged US-Iran tensions may push India's crude basket above $75/bbl, raise inflation risks: ExpertsMarket experts warn a prolonged US-Iran standoff could increase India's crude oil import costs. Diversified sourcing is expected to cushion...
- One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared HormuzAmidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shi...
- Fall in global crude prices brightens fiscal outlook, El Nino risks lingerEasing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...
- India's June crude imports hit record high as Russian supplies surge despite West Asia tensionsIndia's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidifi...
- Why India stayed resilient through the Hormuz crisisIndia successfully navigated the Strait of Hormuz closure, ensuring energy security for its citizens. Despite a significant drop in West As...
- 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...
- Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude pricesWhy are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a ca...
- Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
- 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 ...
- 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 ...
- China's imports of major commodities show price remains key driverChina's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Coppe...
- Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh PuriIndia is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This...
- Chevron sells oil to Reliance for first time since 2023 as Venezuela readies larger cargoes for exportUS oil giant Chevron has made its first sale of Venezuelan crude oil to India's Reliance Industries. This marks the first time in about six...
- Venezuela forced to double discount on oil to Asia due to flood of sanctioned crudeAsian buyers are seeking significant price cuts for Venezuelan oil. This is driven by a surplus of sanctioned crude from Russia and Iran. I...
- Reliance selling fuels from India to Venezuela to avoid U.S. sanctionsThe Indian market is crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC ...
- India looking at Iran-like solution for $100m million payment crisis with VenezuelaThe government is planning to put in place a model similar to the rupee payment mechanism with Iran.
- Less Venezuelan oil going to US, more to ChinaUS imports of Venezuelan oil fell 11.7 percent during the first four months of the year compared to the same period in 2007, the US governm...
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