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DISCOUNTED VENEZUELAN CRUDE
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...13 Feb, 2026, 02.16 PM IST- 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...05 Feb, 2026, 05.46 PM 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
- 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...03 Feb, 2026, 01.04 AM IST
- 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...01 Feb, 2026, 05.30 PM IST
- 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...30 Jan, 2026, 06.48 AM IST
- 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...19 Jan, 2026, 01.27 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
- 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'...09 Jan, 2026, 09.20 AM IST
- 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 ...09 Jan, 2026, 06.45 AM IST
- 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...05 Jan, 2026, 08.49 AM IST
- 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...11 Dec, 2025, 07.37 AM IST
- 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...07 Dec, 2023, 02.28 PM IST
- 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...01 Dec, 2023, 03.59 PM IST
- Oil stable as economic outlook weighs, Venezuela concerns supportInternational Brent crude oil futures were 1 cent above their last close30 Jan, 2019, 07.51 AM IST
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