Global traders Vitol and Trafigura are in talks with Indian and Chinese refiners to sell Venezuelan crude for March delivery, following U.S. approval. This move aims to restart halted exports from the OPEC nation. Read the full story.
US President Donald Trump criticises ExxonMobil's stance on Venezuela, calling it "too cute." CEO Darren Woods labels conditions "uninvestable," seeking legal changes. Full details inside.
President Trump announces a $4.2 billion oil deal with Venezuela's new leadership, as the US moves to control the nation's oil sales and seeks $100B in private investment. Read the full story.
A massive shipment of 50 million barrels of Venezuelan crude oil, valued at $4.2 billion, is heading to the United States. Get the latest details on this significant energy development and its global implications.
Expert Brahma Chellaney questions Reliance's deal to buy Venezuelan crude from the US at higher cost than Middle East imports, calling it a political signal to Trump administration.
US President Donald Trump warns Cuba of zero oil and money from Venezuela after Maduro's capture. He urges Havana to 'make a deal' as US tightens grip on Venezuelan oil.
President Trump signs an executive order to protect billions in Venezuelan oil revenue held in US accounts. The move aims to stabilise Venezuela and lower US fuel prices. Read the full analysis.
India's former envoy to Venezuela analyses the fallout of Maduro's capture, the uncertain power dynamics, the crumbling oil economy, and New Delhi's cautious diplomatic response. Read the full analysis.
US President Donald Trump issues an executive order to protect Venezuelan oil revenue from judicial seizure, aiming to support US-led stability efforts in Venezuela. Read the full analysis.
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 tanker carrying 85,000-90,000 barrels of oil from Mexico reached Havana, as US seizures of Venezuela-linked tankers surge. Experts warn of potential unrest in Cuba. Read the full analysis.
The US is ready to sell Venezuelan crude oil to India. Reliance Industries is in talks for approval to resume purchases, a major shift in global energy trade.
US President Donald Trump taunts Russia after American forces seize a fifth oil tanker near Venezuela, escalating maritime tensions. Read the full story on the geopolitical standoff.
US forces intercepted the tanker Olina in a pre-dawn raid, marking the fifth such seizure in a bid to control Venezuela's oil distribution. The operation signals a major escalation in US policy.
Reliance Industries is negotiating with US authorities for a permit to purchase Venezuelan crude. This follows progress in US-Venezuela talks to ship 50 million barrels of oil. Read the full report.
US forces seize fifth oil tanker carrying Venezuelan crude in a major Caribbean operation, escalating pressure on Maduro's regime. Russia watches closely. Read the full details.
The United States has seized the oil tanker Olina in the Caribbean, marking the fifth such action in recent weeks as Washington intensifies its crackdown on Venezuelan oil shipments. Read the full details.
The U.S. has released the Russian crew of the seized oil tanker Marinera, easing tensions with Moscow. Details on the North Atlantic operation and its impact on U.S.-Russia relations.
The US proposes a controlled system for India to buy Venezuelan oil, aiming to diversify supplies while maintaining pressure to reduce Russian crude imports. A test for India's strategic autonomy.
The US intensifies its crackdown on the 'shadow fleet' transporting sanctioned oil from Iran, Venezuela & Russia. We explain how this 3,000-vessel network operates and the risks it poses.
Reliance Industries may resume buying Venezuelan crude if sales to non-US firms are permitted. This move could offer India a discounted, politically acceptable oil source amid pressure to cut Russian imports. Read more.
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.
Three Indian nationals were among the crew of the Russian oil tanker 'Marinera' seized by the US. The vessel was targeted for violating price cap sanctions on Russian oil. Details inside.
US military intercepts Russian-flagged oil tanker in North Atlantic with 28 crew, including 3 Indians. Vessel accused of violating sanctions. Russia demands humane treatment of its nationals.
Reliance Industries is reportedly considering resuming Venezuelan crude oil purchases. This follows a halt in March 2026 after US tariffs. Explore the potential impact on India's energy sector.
Ace your UPSC Prelims 2026 prep with this essential Economy quiz. Test your knowledge on thorium reserves, global trade reports, Venezuelan crude oil, and India's mango production. Revise crucial static topics now!
The Trump administration is crafting a sweeping plan to dominate Venezuela's oil industry for years, aiming to lower global prices to $50 a barrel and counter Russian and Chinese influence. Read the full details.
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.
In a dramatic high-seas operation, US forces seized two oil tankers, including the Russian-flagged Bella 1, intensifying pressure on Venezuela's post-Maduro regime. Details inside.
The US has seized a Russian-flagged oil tanker linked to Venezuela in the North Atlantic for sanctions violations. The move escalates Trump's global crackdown days after Maduro's capture. Full details inside.