Venezuela Has the Heavy Crude, India Has the Refining Expertise: Rubio Sees an Opportunity
Marco Rubio sees an opportunity to expand Venezuela's heavy crude oil supplies through India's advanced refining capabilities, with Reliance Industries emerging as a potential partner.
Bengal’s Oil Story Finally Flows: ONGC Starts Commercial Crude Production at Ashoknagar
ONGC has started commercial crude oil production at Ashoknagar in West Bengal. The first consignment reached Haldia, with more wells planned to boost output.
From 500% to 100%: White House Backs Revised US Tariff Bill Targeting Russian Oil Buyers
The US Senate has proposed a revised bill imposing up to 100% tariffs on India, China and other buyers of Russian oil, replacing the earlier 500% tariff proposal backed by the White House.
US Bombards 140 Iranian Military Sites as Iran Shuts Strait of Hormuz
The US struck 140 Iranian military targets after an alleged attack on a commercial vessel. Iran responded by closing the Strait of Hormuz, escalating regional tensions.
Iran Shuts Strait of Hormuz Again Following Deadly Israeli Strike in Lebanon
Iran has announced the closure of the Strait of Hormuz following deadly Israeli strikes in Lebanon, raising concerns over regional stability, global oil supplies, and escalating tensions across the Middle East.
Government Restricts Commercial Buyers from Purchasing Fuel at Retail Pumps Amid Supply Concerns
The Indian government has barred institutional and commercial users from buying petrol and diesel at retail fuel stations for up to 90 days, aiming to protect supplies for ordinary consumers amid rising demand and global energy uncertainties.
PM Modi Holds Talks with Venezuela Acting President Delcy Rodríguez in New Delhi
Prime Minister Narendra Modi held talks with Venezuela Acting President Delcy Rodríguez in New Delhi, focusing on energy cooperation, trade, investment, healthcare and strengthening bilateral relations between India and Venezuela.
Modi’s UAE Visit Seals Major Defence, Energy Deals Amid West Asia Crisis
Prime Minister Narendra Modi’s UAE visit results in major defence and energy agreements, fresh $5 billion investments, and strategic talks amid rising West Asia tensions.
Iran Threatens to Block Bab el-Mandeb After Hormuz Tensions Surge
Iran signals a potential move to target the Bab el-Mandeb Strait after escalating tensions in the Strait of Hormuz, raising fears of a double chokepoint crisis that could disrupt global trade, oil supply, and shipping routes worldwide.
PM Modi Speaks to Oman, Jordan, France, Malaysia Leaders on West Asia Crisis De-escalation
PM Narendra Modi holds key talks with leaders of Oman, Jordan, France, and Malaysia, urging urgent de-escalation and diplomacy to restore peace and stability in West Asia amid rising tensions.