In 1920s, a sedimentary basin in Texas was denounced as a 'graveyard'. 100 years later, it generates $100 billion and 800,000 jobs across AmericaWith over 43% of the nation's oil production and billions of dollars in revenue, the Permian Basin in Texas is currently the largest oil-pr...
29 Aug, 2026, 09.22 PM IST
Oil settles lower on clues about Fed policy, rumors of Hormuz dealOn Friday, oil prices dipped, driven by signals from the Federal Reserve and circulating rumors regarding the Strait of Hormuz. Market trad...
29 Aug, 2026, 09.43 AM IST
Trump says US inked deal with Venezuela to take control of 65 billion barrels of oil reservesThe United States has reached an agreement with Venezuela concerning oil reserves. This deal involves taking control of sixty-five billion ...
29 Aug, 2026, 07.15 AM IST
Industrial output grows 6.7% in JulyIndia's industrial output saw a 6.7% growth in July. Manufacturing output increased by 7.3% year-on-year during the same period. Electricit...
28 Aug, 2026, 11.17 PM IST
Global Market Today: Asian shares slip as US stock futures dip ahead of Warsh’s Jackson Hole speechFutures for the Nasdaq 100 Index fell 0.3% and those for the S&P 500 Index retreated 0.2% as initial enthusiasm about the artificial intell...
28 Aug, 2026, 06.12 AM IST
Trump administration weighs US ownership stake in Venezuela’s vast oil reserves: ReportThe Trump administration is discussing a potential US ownership stake in Venezuela’s oil industry, Axios reported, covering more than a doz...
28 Aug, 2026, 06.10 AM IST
Oil shock could outlast conflictsGlobal oil prices are experiencing fluctuations as geopolitical tensions persist. The aspirations for a quick resolution of these conflicts...
26 Aug, 2026, 11.03 PM IST
ONGC plans $200 million investment to revive Venezuela oilfieldONGC plans a $200 million investment to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operation...
26 Aug, 2026, 08.34 AM IST
India pivots to US for LPG, LNG as West Asia crisis disrupts Gulf suppliesIndia is sharply increasing LPG and LNG imports from the United States as West Asia disruptions constrain traditional Gulf supplies. US LPG...
25 Aug, 2026, 04.24 PM IST
Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countriesNearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energ...
25 Aug, 2026, 01.19 PM IST
Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
25 Aug, 2026, 09.16 AM IST
US billionaires are piling millions into Argentina's Shale boom, here’s what is driving itAmerican billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 bil...
24 Aug, 2026, 11.57 AM IST
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...
21 Aug, 2026, 05.25 PM IST
July core growth down to 5.4% as iron ore, power lose steamIndia’s core sector growth slowed to 5.4% in July from 6% in June, with weaker iron ore, steel and electricity output and contractions in f...
20 Aug, 2026, 11.24 PM IST
India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
20 Aug, 2026, 04.44 PM IST
Oil India vs ONGC vs OMCs: What JM Financial’s $80 Brent call means for oil stocksBrent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil...
19 Aug, 2026, 03.50 PM IST
ONGC gets US licence to resume full Venezuela operations, eyes operatorshipONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing exp...
16 Aug, 2026, 11.08 AM IST