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 ...

The US wants India to cut Russian oil purchases due to the war in Ukraine. Read more at straitstimes.com. Read more at ...

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

The pump price of Premium Motor Spirit (petrol) may rise to N1,000 per litre in the coming days due to the surge in crude oil ...

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

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 ...

America's two largest oil companies on Friday posted their smallest annual profits since 2021, pressured by a growing glut of ...

MOL Group (Budapest, Hungary; has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC; ...

Iran tensions push oil up 11% and threaten the Strait of Hormuz (20% of global supply). Click for this overview of the sector and factors influencing oil prices.