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DISCOUNTED VENEZUELAN CRUDE
Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analystIndian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its dura...- 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...
- 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...
- Reliance wins US licence for Venezuelan oil, sources sayReliance Industries can now buy Venezuelan oil directly. The US has issued a special license. This move aims to boost Venezuela's oil expor...
- Reliance Industries buys 2 million barrels of Venezuelan oil, traders sayReliance Industries has made a bold move by purchasing two million barrels of oil from Venezuela, marking their first foray into the Venezu...
- 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 ...
- 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...
- India-US trade deal: India will drop Russian oil, pivot to US, Venezuela, says TrumpIndia may halt Russian oil imports after a US trade deal, pivoting to US and Venezuelan crude. The shift could reshape global oil flows and...
- Reliance to gain as Trump signals resumption of India–Venezuela oil tradeIndia may soon resume buying Venezuelan oil. US President Donald Trump has indicated a deal is in concept. This move could significantly be...
- US issues license for oil companies to operate in VenezuelaThe Trump administration has eased sanctions on Venezuela. A new license allows US oil companies to export, sell, store, and refine Venezue...
- India’s retreat from Russian oil sends China’s Urals imports to a nearly three-year highChina’s appetite for Russian Urals crude is surging, reaching its peak since June 2023. This uptick follows India's substantial drop in Rus...
- 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...
- 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...
- RIL shares in spotlight as firm evaluates Venezuelan crude purchasesReliance Industries shares are expected to gain attention. The company may buy Venezuelan crude oil. This depends on US regulations. India'...
- Reliance Industries will consider buying Venezuelan oilReliance Industries, operator of the world's largest refining complex, is open to purchasing Venezuelan oil. The company awaits clarity on ...
- How Reliance Industries and ONGC may benefit from US takeover of Venezuelan oilJefferies sees Reliance Industries and ONGC as key Indian beneficiaries of a potential US-led restructuring of Venezuela’s oil sector. Whil...
- 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...
- India's state refiners may sharpen competition for Venezuelan OilGovernment-controlled refineries in India, including Bharat Petroleum and Hindustan Mittal Energy, are reportedly seeking to purchase Venez...
- India shows some reliance on Venezuelan oil after 3-year hiatus as US sanctions easeIndia plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the Sou...
- Oil stable as economic outlook weighs, Venezuela concerns supportInternational Brent crude oil futures were 1 cent above their last close
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