ONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing exp...

India's economy shows resilience against US sanctions on Russian crude oil. Potential tariffs on nations buying Russian oil will minimally ...

India's crude oil import bill rose significantly in early 2026-27. Higher global oil prices and supply disruptions increased costs for refi...

ONGC plans to operate two Venezuelan oil blocks soon under new laws. The company regained its stake in Russia's Sakhalin-1 project last Dec...

US President Trump voiced his discontent with ExxonMobil and Chevron, accusing them of reaping excessive profits at the expense of consumer...

Indian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency impr...

US oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to a...

The landscape of Russian crude prices for Indian refiners has seen considerable volatility influenced by the Iran war. Initially, discounts...

India's fuel retailers now have excess cooking gas supplies. They had booked extra cargoes anticipating supply disruptions in the Persian G...

Market experts warn a prolonged US-Iran standoff could increase India's crude oil import costs. Diversified sourcing is expected to cushion...

Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shi...

Easing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...

In response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its r...

India's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidifi...

The Indo-Pacific region is becoming a central energy hub as the US shifts focus from West Asian oil due to ongoing regional tensions and fl...

Venezuela's largest Amuay refinery, a crucial fuel producer, faced a temporary shutdown due to a power outage following recent deadly earth...

India'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...