India's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC se...

Iran war news: US Secretary of State Marco Rubio clarified that Iran sanctions relief is linked to its nuclear program. He stated this duri...

President Trump issued a stark warning to Oman, threatening to "blow them up" if the US ally does not "behave" and allow free passage throu...

India's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting it...

Cboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20%...

United Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...

UAE’s planned exit from OPEC is unlikely to disrupt global oil markets despite its sizable output, say industry executives, though it may d...

India is boosting Russian oil imports and reviving supplies from Africa, Iran, and Venezuela. This strategy aims to fill a crude oil gap ca...

Jeff D. Colgan highlights the economic toll of the Iran war on American households. He explains how US military actions against oil-produci...

America will permit Venezuela to sell oil currently under US sanctions. Revenue from these sales will initially fund essential government s...

As the United States tightens its hold on Venezuela's oil shipments, a ripple effect is emerging across geopolitical lines. The alteration ...

President Trump signed an executive order to block courts and creditors from seizing Venezuelan oil revenue held in U.S. Treasury accounts....

The U.S. intends to maintain significant control over Venezuela's oil industry, overseeing sales indefinitely. Energy Secretary Chris Wrigh...

Asian buyers are seeking significant price cuts for Venezuelan oil. This is driven by a surplus of sanctioned crude from Russia and Iran. I...

Oil Minister Dharmendra Pradhan today met visiting Venezuelan Foreign Minister Delcy Rodriguez and Oil Minister Eulogio del Pino and discus...

The government is importing significant amount of oil from Venezuela. It is the third largest country in terms of oil imports into India.

Venezuela moved to take a greater cut of windfall oil profits, approving a 50 percent tax on foreign oil companies when crude tops $70 a ba...