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International news

India, Venezuela Strengthen Energy Ties as Global Oil Markets Face Uncertainty

  • June 8, 2026
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Both nations are looking to take advantage of the shifting global oil market and improve their long-term cooperation in the hydrocarbon industry, therefore they are investigating new ways to increase bilateral energy cooperation. India is looking to diversify its crude oil sourcing strategy, and Venezuela is trying to revitalise its energy industry by seeking fresh […]

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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 […]

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