Iraq, Saudi Arabia Cut Oil Prices for Asian Market
Iraq reduces Basrah Medium crude price for Asian buyers in February, mirroring Saudi Arabia's move amid global oversupply concerns. Key details on OPEC dynamics and market outlook.
Category : Search result: Australian oil supply
India to Benefit from 2026 Oil 'Super-Glut', Lower Prices
A potential oil 'super-glut' in 2026, fueled by Venezuela's return and rising supply, promises lower crude prices. As a major importer, India stands to gain significantly. Read the full analysis.
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.
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.
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.
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!
Oil falls on Venezuela supply hopes, Brent at $61.62
Oil prices declined as markets anticipate increased Venezuelan crude output post-US action. Analysts see potential for 500,000 bpd rise, but global demand and OPEC remain key. Read for price outlook.
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.
Venezuela Oil Unlikely to Boost Global Supply Soon
US intervention in Venezuela adds uncertainty for India, with billions in energy investments and unpaid dividends stuck. Experts say a quick ramp-up of Venezuela's oil production is unlikely.
Kazakhstan Aims to Tap More Oil from Kashagan Field
Kazakhstan plans a $150 billion investment to boost oil output from the Kashagan field, aiming for 2 million barrels per day by 2035. Discover the strategy and global energy implications.
Geopolitical Shocks Fail to Move Oil Prices in 2026
Crude oil prices fell for a third consecutive year despite turmoil in Venezuela and Iran. Discover how fracking and sanctions created a new, oversupplied market that reshapes global energy dynamics. Read the full analysis.
Venezuela's Massive Oil Reserves Lead World, But Challenges Remain
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 US crude imports jump 92%, Russia share dips
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.
Expert: India's Edge in Venezuela Oil as Sanctions May Lift
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.
Why Venezuela, with largest oil reserves, is a small global player
Despite holding the world's largest proven oil reserves, Venezuela remains a minor supplier. Experts cite policy, sanctions, and infrastructure decay. Can it revive its energy sector?
Fake Engine Oil Racket Busted in Zirakpur, Operator Arrested
Police and legal metrology officials bust a major fake engine oil unit in Zirakpur. Used oil was repackaged as top brands. Details on the raid and investigation inside.
Venezuela Unrest: India's Oil Supply Unaffected, Future Options Open
India's oil imports from Venezuela have dwindled due to US sanctions. Experts say current unrest won't immediately impact supply or prices but could offer future sourcing opportunities. Read the full analysis.
Venezuela Crisis 2026: Limited Oil Price Shock Explained
Analysis reveals why the US military action in Venezuela and Maduro's capture caused only a muted oil price reaction. Key insights for Gulf producers and global energy markets in 2026.
Venezuela Oil Revival Faces Hurdles, Won't Impact Prices Soon
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.
India's Minimal Exposure to Venezuela Oil Crisis Explained
As US moves to control Venezuela's vast oil reserves, India remains insulated due to low trade, diversified sourcing, and sanctions. GTRI report details why impact on India is limited. Read the full analysis.
Venezuela, Iran Actions May Worsen 2026 Oil Glut
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.
Oil Market to Absorb Maduro Shock Amid Record Supplies
Despite the dramatic capture of Venezuela's Maduro, analysts predict minimal oil price impact due to a record global supply surplus. Key facilities remain operational. Read the full analysis.
Oil Steady at $61 as Supply Surplus Offsets OPEC Risks
Oil markets opened 2026 cautiously as a forecast 3.8 million barrel daily surplus counters Middle East tensions. Key OPEC meeting set for Jan 4. Read the full analysis.
Indian Oil Buys Colombian Crude for First Time
Indian Oil Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.
Top 10 Iconic Australian Foods You Must Know
Explore the 10 most iconic Australian foods, from Vegemite to Pavlova, that tell the story of the nation's history, migration, and culture. Discover what makes these dishes uniquely Aussie.
Venus Williams, 45, gets Australian Open wildcard
Venus Williams, the seven-time Grand Slam champion, will become the oldest woman ever to compete at the Australian Open after receiving a wildcard. Read about her historic return and career journey.
Oil Rises on Geopolitical Risks After Steep 2025 Decline
Crude oil prices saw a slight increase on the first trading day of 2026, following their sharpest annual fall since 2020. The uptick is driven by renewed geopolitical tensions, including Ukrainian drone strikes on Russian oil facilities and fresh US sanct
Oil Gains on Ukraine-Russia Strikes, US Venezuela Sanctions
Oil prices edged higher in early 2026 trade amid Ukraine's drone attacks on Russian oil facilities and US sanctions on Venezuela's exports. Brent crude rose to $60.99. Explore the market impact.
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