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.
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.
Tensions soar as US captures Russian-flagged tanker Marinera. Moscow condemns the act as a violation of international law. Read the full story on the escalating standoff.
US forces seize sanctioned oil tanker M/T Sophia in international waters, escalating crackdown on Venezuela's illicit oil networks. Details on the operation and global reactions 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.
Russia condemns US Navy's seizure of the Russian-flagged tanker Marinera in the North Atlantic. Moscow cites UN law, while the US cites sanctions violations. Read the full details.
Russia condemns the US seizure of an oil tanker, stating no state has the right to use force against lawfully registered vessels. Moscow vows to protect its interests.
Russia condemns the US seizure of an oil tanker as a breach of international maritime law. Moscow vows to protect its interests amid escalating sanctions tensions. Read the full story.
US forces seized a Russian-flagged oil tanker after a two-week Atlantic pursuit, marking a dramatic escalation in efforts to block Venezuelan oil exports. Details inside.
The U.S. seized the MV Bella tanker carrying Venezuelan oil after a dramatic two-week chase. This bold move risks escalating tensions with Russia and Iran. Read the full details.
The US seized a Russian-flagged oil tanker, the Bella-1, after it breached a sanctions blockade. This bold move risks escalating tensions with Russia over Venezuela's oil trade. Read the full details.
US forces pursued a Russian-flagged oil tanker linked to Venezuela for over two weeks. The operation, near Iceland, saw Russian naval vessels close by, raising tensions. Read the full details.
Russia deploys naval assets to escort a sanctioned oil tanker, turning a US enforcement operation into a major geopolitical flashpoint. Details on the high-seas chase and legal battle.
A US Coast Guard pursuit of a sanctioned oil tanker, now under Russian flag, sparks a major Atlantic standoff. This incident threatens fragile Ukraine peace talks and exposes Russia's shadow fleet. Read the full analysis.
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.
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.
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 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.
Venezuela holds the world's largest proven oil reserves at 303 billion barrels, surpassing Saudi Arabia. Discover why this hasn't translated to economic prosperity and how oil still dominates global energy.
India's crude oil imports from the US soared over 92% in April-Nov 2025. Russia remains the largest supplier, but its share fell to 33.7%. Explore the shifting energy dynamics.
Energy expert Narendra Taneja explains why Venezuela's vast oil reserves don't sway global prices yet, and the unique opportunity for experienced Indian firms when sanctions ease. Read more.
Analysts say Trump's plan for US firms to rebuild Venezuela's oil sector won't move global prices near-term. Political instability & massive investment needs are key hurdles. Read more.
Geopolitical shifts in Venezuela and Iran could add to a projected 1.5-2 million barrel per day oil surplus in 2026, pressuring crude prices. Analysts warn scarcity fears are fading.
Indian Oil Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.
Russia formally demands the US stop pursuing an Iranian oil tanker, now flying a Russian flag. The high-seas drama complicates global diplomacy and sanctions enforcement. Read the full story.
A sanctioned oil tanker, Bella 1, paints a Russian flag to escape U.S. forces. The high-stakes chase intensifies Trump's blockade on Venezuelan oil. Read the full story.
North Korean leader Kim Jong Un's 2026 New Year speech celebrated a military pact with Russia, involving troop deployments to Ukraine. Read the full analysis of the strategic shift.
The International Energy Agency forecasts a prolonged period of low crude oil prices due to a significant supply surplus and slowing demand growth. Discover the key factors and global implications.
A sanctioned oil tanker evading US seizure for weeks paints a Russian flag, claiming Moscow's protection. The high-stakes Atlantic chase highlights tensions over Venezuela's oil trade. Read the full story.
Global crude oil prices are projected to remain subdued through 2026, with a structural oversupply outweighing geopolitical tensions. Analysts cite rising non-OPEC+ production and slowing demand growth. Read the full analysis.