US to Sell Venezuelan Oil to India, Reliance in Talks
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.
Category : Search result: Venezuelan oil reserves
India's Energy Security Strategy Amid Global Volatility
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.
Trump Pushes Oil Majors to Invest in Venezuela After Maduro
US President Donald Trump urged oil executives to invest in Venezuela's oil sector, promising security. However, ExxonMobil's CEO labeled the country 'uninvestable' without major reforms. Full analysis inside.
US Forces Seize Fifth Tanker in Venezuela Oil Crackdown
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 in Talks for US Permit to Buy Venezuelan Oil
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.
India's Forex Reserves See Sharp $9.9 Billion Weekly Drop
India's foreign exchange reserves fell sharply by $9.9 billion to $552 billion as RBI sold dollars to support the rupee. Get the full analysis of the rupee's decline and central bank action.
Fifth Venezuelan Oil Tanker Captured by US in Sanctions Strike
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.
US seizes oil tanker Olina in Caribbean
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.
Forex reserves fall $980 million to $686.80 billion
India's foreign exchange reserves declined by $980 million to $686.80 billion for the week ending May 17, as per RBI data. Explore the key factors behind this drop and its economic implications.
India's Forex reserves fall by $9.8 billion to $686.8 bn
India's foreign exchange reserves declined by $9.809 billion to $686.801 billion for the week ending January 2, as per RBI data. Read the full analysis of the components and what this means for the economy.
Reliance May Resume Venezuelan Oil Purchases, Awaits US Clarity
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.
3 Indian Oil Stocks to Benefit from US-Venezuela Shift
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.
Reliance May Buy Venezuelan Oil Again
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.
UPSC Economy Quiz: Test Your Knowledge on Key Topics
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!
US Plans Long-Term Control of Venezuelan Oil, Aims for $50/Barrel
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.
US Needs Venezuela's Heavy Crude Despite Being Top Producer
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.
US Rolls Back Venezuela Sanctions for Energy Deal
The US announces a selective rollback of sanctions on Venezuela, granting a license for crude oil sales. This major policy shift aims to boost global supply and follows a deal between Maduro's government and the opposition. Read the full details.
US to get 50M barrels of Venezuelan oil, Trump says
US President Donald Trump announces a major oil deal with Venezuela, claiming proceeds will benefit both nations. This follows a US military operation that killed 24 Venezuelan personnel. Read the latest updates.
Trump: Venezuela to Transfer Up to 50M Oil Barrels to US
President Trump announces Venezuela's interim authorities will transfer 30-50 million barrels of oil to the US. Proceeds controlled by US govt for mutual benefit. Details inside.
Trump: Venezuela to transfer up to 50M barrels oil to US
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.
Venezuela's Interim Govt to Send Oil to US Under Trump Plan
Former US President Donald Trump reveals a deal where Venezuela's interim authorities will redirect 30-50 million barrels of sanctioned oil to the US. Details inside.
US Venezuela Oil Grab Meets China's Falling Demand
The US action to arrest Maduro and seize Venezuela's oil aims to curb China's influence. However, China's shrinking crude demand and teapot refiners' struggles pose a major hurdle for any revival. Read the full analysis.
Oil Pipeline Bursts Twice in Assam's Dibrugarh, Spills Crude
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.
Trump's Venezuela Oil Strategy: Heavy vs Light Crude Explained
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!
Venezuela's Oil: A High-Risk, Low-Reward Bet for Global Firms
Despite holding the world's largest oil reserves, Venezuela's industry is crippled. We explore the massive costs, political risks, and operational nightmares facing companies like Chevron and ConocoPhillips.
Top 10 Countries with Largest Gold Reserves in 2025
Central banks hold a fifth of all gold ever mined. See where India ranks among the top 10 nations with the largest gold reserves as of Q3 2025. Explore the data and strategic importance.
Trump's 'Get Ready' Hint to Oil Execs Before Venezuela Move
President Trump hinted to US oil executives weeks before Maduro's capture. The plan to revitalise Venezuela's oil fields hinges on companies like Chevron. Will they invest?
US Spent Decades Pressuring Venezuela Over Oil Before Maduro
The Trump administration's 2026 military action in Venezuela capped decades of US pressure aimed at the nation's vast oil wealth, targeting leaders from Chavez to Maduro. Explore the historic context.
World's Largest Oil Reserves 2025: OPEC Dominates
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.
US Oil Stocks Surge on Venezuela Plans, Market Up
Exxon Mobil, Chevron shares soar in pre-market after Trump's Venezuela remarks. US benchmarks set for green open. Details on oil price impact & company stakes inside.
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