A massive shipment of 50 million barrels of Venezuelan crude oil, valued at $4.2 billion, is heading to the United States. Get the latest details on this significant energy development and its global implications.
Essential UPSC current affairs for Jan 5-11, 2026: UN's 2026 economic forecast, Spice Routes Conference, National Sports Governance Act, and more. Test your knowledge with MCQs.
Ace your UPSC Prelims 2026 preparation with this essential International Relations quiz. Test your knowledge on OPEC, Eurozone, Nobel Prize rules, and ongoing global conflicts. Revise key static and current topics now!
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.
President Trump's plan to control Venezuela's oil output could reshape global markets, pressure prices, and challenge OPEC's influence. Read analysis on the geopolitical and economic fallout.
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.
After Maduro's arrest, Trump eyes U.S. oil firms' return to Venezuela. But with a history of nationalization & decay, can the world's largest reserves be revived? Analysis.
President Trump's audacious move to control Venezuelan oil stems from a 1980s fixation. We analyse the risks for US producers, global policy, and his inflation fight ahead of midterms.
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.
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.
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.
JP Morgan reports Venezuela's potential oil production surge after its presidential election could sustain lower global crude prices. Discover the market implications.
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!
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.
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.
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.
US oil companies surged in pre-market trading after the military capture of Venezuela's President Maduro. President Trump announced plans for the US to run Venezuela and revive its oil industry. Read the full analysis.
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.
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.
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.
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.
Vedanta Ltd reports a 1% rise in aluminium, 4% in Zinc India, and 28% in Zinc International output for Q3 FY24. However, steel and oil & gas production see a decline. Get the full quarterly performance details here.
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 Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.
Record prices for silver and copper signal strong demand for electrification, while fossil fuel output booms lead to inventory pile-ups and price crashes. The energy transition is accelerating.