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VENEZUELAN HEAVY CRUDE
Venezuela third largest supplier of crude to India in MayIndia's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and th...22 May, 2026, 05.30 AM IST- 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...25 Feb, 2026, 08.40 AM IST
- US refiner Valero to import up to 6.5 million barrels of Venezuelan crude in March, sources sayValero Energy plans to import significant Venezuelan crude oil in March. This move could position Valero as the leading foreign refiner of ...14 Feb, 2026, 06.59 AM IST
- Reliance secures US licence to import Venezuelan oil, boosting refining marginsReliance Industries has secured a US general license to import Venezuelan crude oil directly. This allows India's largest private refiner t...14 Feb, 2026, 12.20 AM IST
- India could cut fuel import bill by $3 billion by switching to Venezuelan crude: SBI ReportIndia could save up to $3 billion annually on its crude oil import bill by shifting some sourcing from Russia to Venezuelan heavy crude. A ...04 Feb, 2026, 08.48 AM IST
- Explained: How Reliance Industries benefits from India‑US trade deal and why the stock went up 7%Reliance Industries’ shares rose after a new India‑US trade deal cut tariffs to 18% and opened the possibility of Venezuelan crude resuming...03 Feb, 2026, 12.34 PM IST
- HPCL seeks Venezuelan crude to boost heavy oil runsIndia's Hindustan Petroleum Corp Ltd is looking to import Venezuelan crude oil for the first time. This move aims to boost the company's ca...27 Jan, 2026, 12.03 PM IST
- Heavy Crude, Heavy Consequences: Why Venezuela’s shock tests Canada’s oil economyA U.S. operation in Caracas and plans to assume control of Venezuela’s oil assets have revived heavy crude flows, posing a direct competiti...13 Jan, 2026, 11.17 AM IST
- Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery: ReportGlobal commodity traders Vitol and Trafigura are in discussions with Indian and Chinese refiners for Venezuelan crude oil sales, with deliv...12 Jan, 2026, 05.05 PM IST
- US control of Venezuelan oil may unlock $1 bn stuck dues for India, lift outputA US-led takeover of Venezuela's oil sector could benefit India by unlocking nearly USD 1 billion in long-pending dues and reviving crude p...04 Jan, 2026, 02.10 PM IST
- India's Reliance to stop buying Venezuelan oil over US tariffs, sources sayIndia's Reliance Industries, operating the largest refining complex globally, will stop importing Venezuelan oil due to a new 25% U.S. tari...26 Mar, 2025, 06.21 PM IST
- India confirms buying oil from Venezuela after 3 years and US' leewayIndia plans to buy Venezuelan oil due to its refiners' ability to process heavy crude oil. Reliance Industries, Indian Oil Corp, and HPCL-M...15 Dec, 2023, 01.11 PM IST
- From the Maldives to Venezuela: how Iran gets oil to an allyThe ship-to-ship transfer off The Maldives was the latest tactic by the two countries to keep their oil flowing to markets despite U.S. san...12 May, 2022, 10.31 PM IST
- Sanctions, Opec cuts push Asia’s sour crude prices above BrentUS sanctions on Venezuela suddenly halted its crude exports to the United States last month.12 Feb, 2019, 09.15 AM IST
- How India, one of Venezuela's last oil buyers — may react to sanctionsIndia is the third-biggest buyer of Venezuelan oil, after the U.S. and China, averaging about 340,000 barrels a day last year.30 Jan, 2019, 10.46 AM IST
- RIL signs areement with Venezuela for heavy oil projectReliance Industries today said it has signed an agreement with Venezuela for a project to produce heavy oil in the South American OPEC nati...03 Oct, 2012, 11.11 PM IST
- Venezuelan oil falls to lowest price in 22 monthsPrices for Venezuelan oil reached their lowest level in 22 months on Friday as fears of a global recession stalled demand, slashing the mai...22 Nov, 2008, 06.54 AM IST
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