The US has permitted India to resume Venezuelan oil purchases, aiming to reduce its reliance on Russian crude. This move is part of a broader US strategy to redirect India's energy imports away from ...

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.

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.

The group of major oil producers known as OPEC+ will have to take oil flow uncertainty and an expected global supply surplus ...

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, ...

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 ...