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.
Category : Search result: oil block cost recovery
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!
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'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.
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.
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.
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.
IEA: Low Crude Oil Prices to Continue Till 2026
The International Energy Agency forecasts a prolonged period of low crude oil prices due to a significant supply surplus and slowing demand growth. Discover the key factors and global implications.
Subhash Bridge restoration cost Rs 110 crore, sparks debate
Ahmedabad Municipal Corporation's Rs 110 crore plan to restore Subhash Bridge is more expensive than building several new flyovers. Get the full details and cost comparison here.
Analysts: Crude Oil Under Pressure Until 2026 Due to Oversupply
Global crude oil prices are projected to remain subdued through 2026, with a structural oversupply outweighing geopolitical tensions. Analysts cite rising non-OPEC+ production and slowing demand growth. Read the full analysis.
Mamdani's NY Inauguration to Use 400 Police, Cost ₹4 Cr+
NYC Mayor-elect Zohran Mamdani's 'New Era' block party on New Year's Day will need 350-400 police officers, costing an estimated ₹4.15+ crore in overtime, drawing criticism from law enforcement sources. Read the full story.
Violence erupts at Tamnar coal block protest in Chhattisgarh
A 15-day sit-in against a coal block project in Raigarh's Tamnar region turned violent, leaving a police officer and several cops injured. Vehicles were torched as tensions escalated. Read the full details.
RIL-Govt $247M KG-D6 Dispute Resolution Expected by 2026
The long-standing $247 million KG-D6 cost recovery dispute between Reliance Industries and the Indian government is nearing its end. An international arbitration panel is set to deliver its final award by 2026. Get the full story on this major business de
Avocado Oil: The Ultimate Healthy Cooking Oil for Indians
Discover why avocado oil is becoming a kitchen essential in India. From its high smoke point for perfect frying to heart-healthy fats, learn how to use it daily. Boost your nutrition today!
Odisha HC sets Jan 8 deadline for govt on iron ore PIL
Orissa High Court gives state until Jan 8 to investigate PIL alleging massive under-utilisation of iron ore mining capacity, causing crores in revenue loss. Read the full details.
Reusing frying oil: Safe limits and health risks revealed
Reusing deep-fried oil is common, but how many times is safe? A dietetics expert explains the chemical dangers, safe reuse limits, and long-term health risks like diabetes and heart disease.
Rajasthan relaunches auction for two major gold mine blocks
Rajasthan government restarts the auction process for two significant gold mine blocks in Banswara and Udaipur, aiming to join India's gold-producing states. Bids open until Jan 2, 2026.
India Drives Global Oil Demand in 2025, Peak Delayed to 2030s
2025 saw a major shift as oil demand surged, defying peak predictions. India emerged as the top growth engine, reshaping global energy dynamics. Read the full analysis.
Fact Check: Are Seed Oils Like Sunflower Oil Really Toxic?
Are seed oils like sunflower and soya bean oil toxic? We separate fact from fiction, examining the science behind heart health, inflammation, and processing myths. Read the evidence.
Congress's Bhambar Wins Manuke Block Samiti Seat
Congress candidate Pawan Kumar Bhambar wins the Manuke Block Samiti by-election in Ludhiana, defeating SAD's candidate by 1,100 votes. Read the full results and analysis.
Saudi Arabia Slashes Oil Price to Asia to 5-Year Low
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.
3 File Nominations for Phagwara Block Elections
Three candidates file nominations for Phagwara Block Samiti elections in Jalandhar. Scrutiny on July 10, withdrawals by July 12, and voting on July 17. Get the latest updates.
Global Oil Glut: Why Prices May Not Collapse in 2026
Global oil surplus could push prices lower in 2026, but geopolitical tensions from Ukraine to Venezuela may provide a floor. Experts analyse OPEC's role and market balance.
India Secures Soy Oil Ahead of Palm Price Surge
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.
LPG price cut for hospitality, ATF hike hits airlines
State oil firms slash commercial LPG cylinder price by Rs 10, offering relief to hotels & restaurants. However, ATF prices rise 5.4%, increasing airline operating costs. Details inside.
Fishfa Launches PeanutJi Vedic, India's First High Oleic Groundnut Oil
Fishfa Agri-World introduces PeanutJi Vedic, India's first high oleic groundnut oil. This innovative, cold-pressed oil offers a healthier cooking alternative with a high smoke point and long shelf life. Discover the future of edible oils!
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