Crude Oil Prices Fall on Venezuela Exports, US Stockpiles
Crude oil prices declined Wednesday after four days of gains, pressured by Venezuela restarting exports and rising US inventories. Geopolitical tensions in Iran provided some support.
Category : Search result: crude imports
India Falls to Third Place in Russian Oil Imports
India has slipped to the third position among importers of Russian crude oil, with China now leading. This shift reflects changing global energy dynamics and market strategies.
US Needs Venezuela's Heavy Crude Despite Being Top Producer
The US, the world's largest oil producer, still relies on imports of heavy sour crude. Discover why Venezuelan oil is key to American refineries and the complex geopolitics shaping this energy dependence. Read the full analysis.
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.
Indian Oil Price Drops Below $60/Barrel
India's crude oil import cost averages $59.92/barrel in January. Analysts predict further fall to $53.31 by March, easing the nation's import bill. Read the full analysis.
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!
India's Russian Crude Imports to Hit Multi-Year Low
India's crude oil imports from Russia are poised for a sharp decline in January, potentially hitting a multi-year low, as Reliance Industries halts shipments. Explore the impact of US pressure and trade talks.
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.
SBI Sees Oil at $50/Barrel by 2026, Impact on India
A new SBI Research report forecasts a significant decline in global crude oil prices to around $50 per barrel by mid-2026. Discover the key drivers and what this means for India's economy and inflation.
SBI: Oil Price Could Hit $50/Barrel by 2026, Easing Inflation
SBI Research predicts a sharp fall in crude oil prices to $50 per barrel by mid-2026, driven by inventory buildup. This significant softening is expected to positively impact India's inflation and economic growth. Read the full analysis.
Venezuela Oil Revival to Benefit India's Refineries
US intervention in Venezuela could unlock discounted heavy crude for India's complex refineries, offering diversification amid pressure on Russian oil imports. Experts see medium-term gains.
Trump Threatens India With Tariffs Over Russian Oil
US President Donald Trump warns India of swift tariff hikes if it doesn't address Russian crude imports. Indian exports face a 50% tariff, with half linked to Russian oil purchases. Explore the data and strategic dilemma.
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.
US Venezuela Oil Shift May Unlock $1B for India's ONGC
A US-led restructuring of Venezuela's oil sector could revive ONGC Videsh's stranded assets and unlock nearly $1 billion in pending dues, boosting India's energy security. Read the full analysis.
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 Oil Restructuring: India May Recover $1B, Restart Imports
A US-led overhaul of Venezuela's oil sector could help India recover nearly $1 billion in pending dues and restart crucial heavy crude imports, analysts say. Explore the strategic gains for Indian energy security.
Venezuela Conflict to Spike Oil Prices, India Unscathed
US military action in Venezuela is expected to trigger a surge in crude oil and commodity prices due to geopolitical tensions. However, India's minimal trade ties mean limited economic impact. Read expert analysis.
India Shielded from Venezuela Crisis Impact: GTRI
GTRI analysis reveals India's minimal trade with Venezuela insulates its economy from the ongoing crisis. Read how strategic autonomy and reduced oil imports protect India's energy security.
Venezuela Oil Shift May Bring India $1B, Boost Crude Supply
A US-led restructuring of Venezuela's oil sector could unlock nearly $1 billion in pending dues for India's ONGC Videsh and revive its stalled production. This offers India a key opportunity to diversify its crude imports and secure energy supplies.
Venezuela's Oil Shift: Winners & Losers After Maduro
The capture of Venezuela's Maduro reshapes global oil flows. U.S. Gulf Coast refiners stand to gain from renewed heavy crude access, while Canadian producers face long-term competition. Full analysis inside.
Russian oil discount to India jumps to $8 a barrel
Russian crude suppliers now offer Indian refiners discounts up to $8 per barrel, doubling since October. This could lower India's import bill as global oil prices hover around $60. Read more.
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.
India Monitors Russian Oil Buys Weekly for US Trade Deal
India mandates refiners to report weekly crude imports from Russia & US, seeking accurate data for sensitive trade negotiations. Talks face hurdles over Russian oil purchases and agricultural access.
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 Set for Deepest Annual Loss Since Pandemic, Down 20%
Crude oil prices are on track for their steepest annual decline since 2020, with a 20% drop this year. Key factors include a looming surplus, OPEC's upcoming meeting, and geopolitical tensions. Read the full analysis.
Russian Oil to India Plunges to 3-Year Low
India's Russian oil imports crash to a 3-year low of 1.1M bpd in Dec 2025 as US sanctions bite. Reliance pauses buys, state refiners tread cautiously. What's next for India's energy security? Read more.
New Traders Step In as US Sanctions Hit Russian Oil Supply to India
US sanctions on Rosneft & Lukoil reshape India's Russian crude imports. Little-known UAE-based intermediaries gain market share as December volumes hit a 3-year low. Analysis & expert insights inside.
India's Russian Crude Imports Fall in December
India's Russian crude imports are expected to fall to 1.2 million barrels per day in December, down from November. However, the trade relationship remains structurally strong despite the monthly decline.
India's Oil Import Bill Falls 12% as Crude Prices Dip
India's oil import bill fell 12% to $80.9 billion in Apr-Nov FY26 despite higher volumes, as global crude prices averaged $67.6/barrel. Net oil & gas imports also declined over 12%. Read the full analysis.
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