China's Oil Purchases Stabilize Global Market Amid Tensions
China's aggressive buying for its strategic petroleum reserves has prevented oil prices from collapsing, acting as a crucial buffer in an oversupplied market.
Category : Search result: global oil supply
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.
Venezuela Crisis Won't Impact Oil Prices or India Trade: Crisil
Crisil Ratings states Venezuela's political turmoil won't materially affect global crude oil prices or India's trade due to Venezuela's small market share and limited trade exposure.
Venezuela Sends 50M Barrels of Oil to US, Worth $4.2B
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.
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.
China's Rare Earth Ban on Japan Could Backfire
China's latest ban on rare earth exports to Japan may prove counterproductive, as Japan's decade-long diversification efforts and a global supply chain shift reduce Beijing's leverage. Read the full analysis.
US Venezuela Oil Grab Disrupts OPEC, Global Market Balance
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.
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.
Trump's Venezuela Oil Plan Aims for $50 Barrel
President Trump meets global oil CEOs to push Venezuela drilling, aiming to slash oil to $50/barrel. Will gas prices fall? Key details on the high-stakes plan.
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!
Venezuela's Oil: A High-Risk, Low-Reward Bet for Global Firms
Despite holding the world's largest oil reserves, Venezuela's industry is crippled. We explore the massive costs, political risks, and operational nightmares facing companies like Chevron and ConocoPhillips.
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.
India's Venezuela Oil Investments Face Uncertainty Amid US Move
US intervention in Venezuela creates volatility for India's $2.5 billion oil investments and $600 million in dues. Explore the impact on crude supplies and the global oil market.
Venezuela Oil Output Revival Faces Years, High Costs
Oil prices show muted reaction to US incursion in Venezuela. Analysts warn restoring output to 3 million barrels a day will take years and billions. Read the full analysis.
Trump's High-Stakes Bet on Venezuela's Oil Industry
After Maduro's capture, Trump eyes Venezuela's 300bn barrel oil reserves. But can US companies overcome a $110bn funding gap, brain drain, and a saturated market? Analysis inside.
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?
India's Venezuela Oil Investments in Limbo After US Action
US intervention in Venezuela puts India's $2.5 billion oil investments and $600 million in unpaid dividends at risk. Experts warn of market volatility and energy security impact. Read more.
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.
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