India’s Imports of Russian Oil Dropped Sharply in December
Russian oil exports to India fell to less than 25% of the country’s total imports in December, from 34% in November, hitting the lowest in 38 months, The Hindu reported,…
Oil Markets Waver as Iran Prepares for Prolonged Nuclear Negotiations
Ahead of the U.S.-Iran nuclear talks on Friday, Tehran signaled that the negotiations will likely be a long process, dashing hopes of a quick and more sustainable de-escalation of tensions…
India Resumes Venezuelan Crude Purchases After U.S. Opens Market
India’s largest private refiner, Reliance Industries, is buying Venezuelan crude again, securing the first Indian purchase of oil from the world’s top reserves holder since the U.S. took control of…
Shell Weighs Multibillion Dollar Venezuela Gas Investments
Shell’s CEO Wael Sawan told CNBC the company is actively considering multibillion-dollar offshore natural gas investments in Venezuela that could start production in the next few years, pending regulatory approvals.…
Mexico Weighs Cuba Oil Exports as U.S. Pressure Mounts
Mexico is looking for ways to keep supplying oil to Cuba amid a U.S. squeeze on energy supplies to the island nation without triggering a response from Washington, Reuters has…
Oil Prices Set for First Weekly Dip of the Year
Crude oil prices were set for their first weekly decline since the start of the year as the risk of a direct military confrontation between the United States and Iran…
