Crude oil prices declined on Friday, extending losses from Thursday's sharp drop. The easing of geopolitical tensions between the U.S. and Iran, along with rising U.S. stockpiles, contributed to the downward pressure on global benchmarks.
India has slipped to the third position among importers of Russian crude oil, with China now leading. This shift reflects changing global energy dynamics and market strategies.
A potential oil 'super-glut' in 2026, fueled by Venezuela's return and rising supply, promises lower crude prices. As a major importer, India stands to gain significantly. Read the full analysis.
A proposed US law with 500% tariffs on Russian crude buyers could severely impact India's export market. Learn about the bill's details and its potential consequences for India's economy.
India imports over 85% of its crude oil. With rising geopolitical tensions & US tariffs, how is India securing its energy future? Analysis of diversification, strategic reserves & the road ahead.
India is closely tracking a proposed US legislation that could impose tariffs up to 500% on nations buying Russian crude. Officials reaffirm energy security needs for 1.4 billion people.
As US-Venezuela tensions ease, ONGC, Reliance, and Indian Oil Corp could see major gains. Discover how these stocks stand to benefit from potential sanction relief and oil industry restructuring.
Despite being the world's largest oil producer, US refineries rely on heavy crude from Venezuela, Canada & Mexico. Learn why the shale boom hasn't solved this dependency.
President Trump announces Venezuela's interim authorities will transfer 30-50 million barrels of oil to the US, to be sold at market price. Details on the deal's impact and revenue.
India's crude oil import cost averages $59.92/barrel in January. Analysts predict further fall to $53.31 by March, easing the nation's import bill. Read the full analysis.
India has imported €144 billion worth of Russian crude since the Ukraine invasion, becoming Moscow's second-largest fossil fuel buyer. Discover the data and shifting dynamics amid sanctions.
An Oil India Limited pipeline in Dibrugarh's Tingkhong area ruptured twice within 12 hours, spilling crude oil onto farmlands and fish ponds. Locals report dead fish and fire risks. Read more on the environmental impact and OIL's response.
Discover the real reason behind US interest in Venezuela's oil reserves. It's not just about quantity, but the specific type of crude. Read the full analysis now!
India's crude oil imports from Russia are poised for a sharp decline in January, potentially hitting a multi-year low, as Reliance Industries halts shipments. Explore the impact of US pressure and trade talks.
Oil prices declined as markets anticipate increased Venezuelan crude output post-US action. Analysts see potential for 500,000 bpd rise, but global demand and OPEC remain key. Read for price outlook.
Venezuela holds the world's largest proven oil reserves in 2025. See where Saudi Arabia, Canada, Iran, and India rank in the global list. Key insights from OPEC's latest data.
A new SBI Research report forecasts a significant decline in global crude oil prices to around $50 per barrel by mid-2026. Discover the key drivers and what this means for India's economy and inflation.
US President Donald Trump warns India of swift tariff hikes if it doesn't address Russian crude imports. Indian exports face a 50% tariff, with half linked to Russian oil purchases. Explore the data and strategic dilemma.
Venezuela holds the world's largest proven oil reserves at 303 billion barrels, surpassing Saudi Arabia. Discover why this hasn't translated to economic prosperity and how oil still dominates global energy.
India's crude oil imports from the US soared over 92% in April-Nov 2025. Russia remains the largest supplier, but its share fell to 33.7%. Explore the shifting energy dynamics.
Energy expert Narendra Taneja explains why Venezuela's vast oil reserves don't sway global prices yet, and the unique opportunity for experienced Indian firms when sanctions ease. Read more.
The capture of Venezuela's Maduro reshapes global oil flows. U.S. Gulf Coast refiners stand to gain from renewed heavy crude access, while Canadian producers face long-term competition. Full analysis inside.
Geopolitical shifts in Venezuela and Iran could add to a projected 1.5-2 million barrel per day oil surplus in 2026, pressuring crude prices. Analysts warn scarcity fears are fading.
Russian crude suppliers now offer Indian refiners discounts up to $8 per barrel, doubling since October. This could lower India's import bill as global oil prices hover around $60. Read more.
Oil markets opened 2026 cautiously as a forecast 3.8 million barrel daily surplus counters Middle East tensions. Key OPEC meeting set for Jan 4. Read the full analysis.
Indian Oil Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.
India mandates refiners to report weekly crude imports from Russia & US, seeking accurate data for sensitive trade negotiations. Talks face hurdles over Russian oil purchases and agricultural access.
Crude oil prices saw a slight increase on the first trading day of 2026, following their sharpest annual fall since 2020. The uptick is driven by renewed geopolitical tensions, including Ukrainian drone strikes on Russian oil facilities and fresh US sanct
The International Energy Agency forecasts a prolonged period of low crude oil prices due to a significant supply surplus and slowing demand growth. Discover the key factors and global implications.
Crude oil prices are on track for their steepest annual decline since 2020, with a 20% drop this year. Key factors include a looming surplus, OPEC's upcoming meeting, and geopolitical tensions. Read the full analysis.