The US has notified India about potentially resuming Venezuelan crude oil purchases, aiming to lessen India's reliance on Russian oil amid the ongoing Ukraine conflict.

President Donald Trump imposed 25%  tariffs on countries buying Venezuelan oil including India in March 2025, and his ...

Indian refiners are increasingly sourcing oil from the Middle East, Africa, and South America to adjust to these changes.

The United States has told India it can soon resume Venezuelan oil purchases to replace shrinking Russian supplies, a report has claimed.

Nigerian fuel marketers warn of a potential petrol price increase to N1,000/litre as global crude oil prices surge past $70/barrel. Learn more.

On Friday, West Texas Intermediate crude for March delivery (CLH26) (CL.1) posted a 14% gain for the month of January, following five consecutive months of declines. It edged down by 0.3% Friday to ...

India’s mission to blend gasoline with biofuels in a bid to cut carbon emissions as well as save billions of dollars on ...

“India has the largest refining industry in the world today, and they are actively taking Canadian crude off the Gulf Coast, ...

Oil futures slipped amid signs of willingness on the part of the U.S. and Iran to hold talks. For the week, futures posted their sharpest gains since October.

Despite U.S. pressure following Maduro’s capture, Venezuela’s severely degraded oil infrastructure, environmental damage, and massive capital needs are deterring energy majors from returning.

Nigeria lowered oil and gas signature bonuses to $3m–$7m from much higher past levels. The change applies to payments made before license awards in the current bidding round. The move comes as ...