Corporate News

Low Venezuelan Oil Output Opens Opportunities for Indian OMCs

  • January 7, 2026
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Venezuela possesses the world’s largest proven oil reserves, estimated at 303.8 billion barrels, overshadowing other nations like Saudi Arabia and Canada. Despite this potential, oil production has plummeted to around 1 million barrels per day due to issues such as under-investment, political interference, and sanctions. The country’s production now stands at one-third of its output […]

International news

India terms developments in Venezuela ‘matter of concern’, calls for addressing issues through dialogue

  • January 6, 2026
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India on Sunday termed the recent developments in Venezuela “a matter of concern” and urged all concerned parties to address issues peacefully through dialogue, ensuring peace and stability of the region. In a statement, the Ministry of External Affairs (MEA) stated that the Embassy of India in Caracas is in contact with members of the […]

International news

Trump Details Overnight Raid That Led to Maduro’s Seizure

  • January 5, 2026
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President Donald Trump announced a successful US military operation in Caracas that resulted in the capture of Venezuelan leader Nicolas Maduro and his wife, Celia Flores. During a press conference at Mar-a-Lago, Trump described the mission, named Operation Absolute Resolve, as highly complex and executed with overwhelming American military power. The operation involved over 150 […]