US secures direct stake in Venezuelan oil fields to counter China

Executed through the Pentagon's Office of Strategic Capital and partnered with a private operating firm linked to...

India, Japan agree to cooperate on strategic crude oil reserves

According to a joint statement issued by the Ministry of Petroleum and Natural Gas of India and Japan's Ministry of...

India must build crude buffers and cut import dependence as EY fl

India needs to "augment its strategic crude oil reserves to reduce its vulnerability to external shocks" and reverse...

India ensured stable fuel prices, uninterrupted energy supply ami

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said India ensured stable fuel prices and...

Korea launches first oil swap program to offset Middle East risks

South Korea has launched its first-ever oil swap programme, allowing refiners to borrow crude from government...

“India has adequate crude oil storage...”: PM Modi in RS

Prime Minister Narendra Modi on Tuesday said that India has sufficient crude oil reserves and robust arrangements...

IT, oil show caution amid AI disruptions, West Asia conflict

The IT services sector is facing challenges due to Artificial Intelligence (AI), with investors expressing concerns...

US-Venezuela tensions unlikely to impact India’s oil security

The resurgence of geopolitical tensions between the United States and Venezuela is unlikely to pose any significant...

India plans to release about 5 million barrels of crude oil...

New Delhi [India], November 23 (ANI): India plans to release about five million barrels of crude oil from strategic...

Japan mulls releasing oil reserves to respond to increasing...

Tokyo [Japan], November 20 (ANI/Sputnik): The Japanese government is considering to release crude oil reserves to...