A new geopolitical schism emerges from the US-Israel war on Iran, impacting Asian economies' energy supplies. India, China, Japan, and Sout...

US 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...

Reliance Industries has secured a US general license to import Venezuelan crude oil directly. This allows India's largest private refiner t...

Reliance Industries can now buy Venezuelan oil directly. The US has issued a special license. This move aims to boost Venezuela's oil expor...

Global commodity traders Vitol and Trafigura are in discussions with Indian and Chinese refiners for Venezuelan crude oil sales, with deliv...

Reliance Industries is seeking United States approval to resume buying Venezuelan crude oil. This move comes as India faces pressure to red...

Reliance Industries, operator of the world's largest refining complex, is open to purchasing Venezuelan oil. The company awaits clarity on ...

The country produces around 900,000 barrels per day of crude - about 1% of the global supply. Of the roughly 765,000 bpd it exports, nearly...

Oil prices fell on Friday due to fears of a U.S.-led global recession but rose for the third straight week amid increased U.S. pressure on ...

Oil prices remained high due to U.S. tariffs on countries buying Venezuelan oil and restrictions on Iranian oil trade. Brent and U.S. crude...

Oil prices have risen slightly due to concerns over tighter global supply amid U.S. threats of tariffs on Venezuelan oil buyers. Additional...

Oil Import Tariffs: US President Donald Trump said they will impose 25% tariff on oil and gas imports targeting countries buying Venezuelan...

India plans to buy Venezuelan oil due to its refiners' ability to process heavy crude oil. Reliance Industries, Indian Oil Corp, and HPCL-M...

Government-controlled refineries in India, including Bharat Petroleum and Hindustan Mittal Energy, are reportedly seeking to purchase Venez...

The resumption in trade between the OPEC producer and what it was its second largest destination for oil exports comes after Washington in ...

India is the third-biggest buyer of Venezuelan oil, after the U.S. and China, averaging about 340,000 barrels a day last year.

A possible move by Trump to hurt Venezuela's oil industry could prove a shot in the arm for Modi govt.