Oil Prices Surge After US Venezuela Tanker Blockade
Oil prices rebounded sharply after US President Trump ordered a total blockade of sanctioned Venezuelan oil tankers, threatening 0.5 million barrels per day supply. Brent crude rose to $59.50.
Oil prices rebounded sharply after US President Trump ordered a total blockade of sanctioned Venezuelan oil tankers, threatening 0.5 million barrels per day supply. Brent crude rose to $59.50.
Venezuela demands UN Security Council condemn the US seizure of an oil tanker, calling it state-sponsored piracy. Read the full diplomatic clash details.
Trump's naval blockade paralyzes Venezuela's sanctioned oil shipments to China. Chevron, however, continues exports to US Gulf Coast, operating under a special license. Details inside.
US President Donald Trump announces a naval blockade targeting Venezuela's oil tankers, intensifying military pressure on Nicolas Maduro. Read the full details and implications here.
US President Donald Trump declares Venezuela a foreign terrorist organization and orders a complete blockade of all sanctioned oil tankers. Get the latest updates on this major escalation.
Thousands march in Caracas supporting Maduro, condemning US sanctions & oil seizures. Tensions escalate as Venezuela rejects foreign pressure. Watch the latest developments.
Iran condemns US seizure of Venezuelan oil tanker as piracy, warning it threatens regional stability. China, Russia also react as Venezuela tensions rise. Read full analysis.
EU's 19th sanctions package targets traders aiding Russian oil exports to India & China via a shadow fleet. New measures aim to block access to Western shipping & insurance. Read the full analysis.
Protests erupt at White House as Trump's Venezuela threats clash with China's massive oil purchases. Fears of a wider geopolitical showdown rise. Read the full analysis.
Saudi Arabia cuts January 2026 crude oil price to Asia to a five-year low as OPEC+ raises output and supply surplus looms. Details on market impact and Chinese demand.
The US has granted a temporary exemption for Lukoil-branded fuel stations outside Russia until April 2026. This move comes as Indian refiners cut purchases of sanctioned Russian crude, with imports expected to plummet.
President Donald Trump pledges escalated US strikes on Venezuelan drug cartels, blaming them for over 200,000 American deaths. Will Maduro respond? Full details inside.
US President Donald Trump escalates threats of military action in Venezuela, promising land strikes. He also warns any country trafficking drugs into the US is 'subject to attack'. Read the latest developments.
Indian buyers secure massive South American soybean oil volumes for 2026, anticipating palm oil shortages from Indonesia's biodiesel push and weaker sunflower harvests. Get the full analysis.
India imported 5.4 million tonnes of Russian oil using shadow fleet tankers to bypass Western sanctions, according to CREA report. Moscow relies on old vessels to maintain exports amid restrictions.
Shocking details emerge from Trump's secret call to Maduro, threatening US military force if he doesn't step down. Venezuela airspace closed amid invasion fears.
US President Trump declares Venezuela airspace closed entirely amid escalating tensions. New anti-drug operations planned as military presence grows. Read latest developments.
India's crude oil imports from Russia projected to fall by 47% to 1 million bpd in December due to US sanctions on Rosneft and Lukoil. Indian refiners diversifying supply sources.
Economist Jeffrey Sachs alleges CIA involvement in Venezuelan oil facility fire, condemns US militarism and praises China's global approach. Watch full analysis.
JP Morgan warns global oil supply is outpacing demand, risking a price crash to $30s per barrel by 2027. Will producers act to rebalance the market? Read more.
Venezuelan President Nicolás Maduro dances to viral peace chant amid rising US tensions. Read about the political symbolism and military developments.
Multiple US and international airlines cancel Venezuela flights following FAA security advisory. Rising military tensions and navigation interference cited as primary concerns.
US imposes sanctions on TR6 Petro India and other entities for trading Iranian oil, citing terror funding concerns. Full details on the crackdown.
New US sanctions on Russian oil firms leave 48 million barrels stranded at sea, forcing Asian buyers like India to seek urgent alternatives. Discover the market impact.
Russian oil discounts surge to $5-6 per barrel as buyers avoid sanctioned firms Rosneft & Lukoil. Indian refiners shift to unsanctioned suppliers amid expected supply disruptions.
India purchased $2.9 billion worth of Russian crude oil in October, maintaining its position as second-largest buyer globally. Read how sanctions are impacting imports.
Venezuela invites Indian companies to invest in its critical minerals sector during high-level talks. Explore partnership opportunities in oil, gas, and mining.
US tells Serbia it won't lift sanctions on NIS oil company unless Belgrade ensures complete Russian withdrawal. Serbia faces energy crisis with February 13 deadline looming.
The United States imposes sanctions on 32 entities across 8 countries including India for supporting Iran's missile and UAV programs. Learn about the global implications.
India initiates refilling its strategic petroleum reserves as global crude prices hover near multi-month lows, securing energy supplies ahead of expected price surges.