US President Donald Trump met top oil and gas executives at the White House and assured them of safety and security in Venezuela. Saying that the United States built the Venezuelan oil industry with American talent, now US would do "everything" about the assets stolen.
US President Donald Trump said on Friday (US local time) that he is going to meet top oil industry executives at the White House and hold discussion exclusively on Venezuela- its oil, the ties with US, security, the people and "stoppage" of drugs and criminals coming into the US.
In its Oil Markets Weekly, JPMorgan said a regime change in Venezuela would represent one of the largest upside risks to global oil supply in 2026 and beyond, an outcome that oil markets are not currently pricing in.
The resurgence of geopolitical tensions between the United States and Venezuela is unlikely to pose any significant risk to India's oil security or trade position, according to a research note by Bank of Baroda.
There is not much impact on the global oil market due to the recent US strikes on Venezuela, stated former Chief Economic Adviser Arvind Subramanian in a conversation with ANI.
Taneja also noted that recent developments may not have an immediate impact on oil prices and could create opportunities for Indian oil companies if sanctions are lifted.
Global crude oil prices are expected to remain under pressure in 2026 as the global oil market is likely to face a sustained supply surplus, according to a report by ING Bank, a global banking and financial services major.
Ongoing restrictions on Russian crude and refined product flows, coupled with an oversupplied global oil market, are expected to keep crude prices subdued while supporting refining margins, a trend that has direct implications for state-run oil marketing companies IOC, BPCL and HPCL, accordi
US President Donald Trump's claim that India is buying massive amounts of Russian oil and selling it on the open market for big profits "is factually incorrect and misleading," think tank GTRI has said, noting that a key reason New Delhi stepped up Russian oil purchases was to help stabil
Brent crude oil prices are expected to rise to USD 80 per barrel in the coming months as tensions between the United States and Russia threaten to disrupt the global oil supply chain, highlighted oil market experts in conversation with ANI.
The European Union's recent sanctions on Russian oil, energy, banking and defence industries are aimed at degrading Moscow's "war economy" while preserving global oil market stability, said Ambassador of the Delegation of the European Union to India Herve Delphin on Saturday.
Taiwan's three major airlines, China Airlines, EVA Air, and Starlux Airlines, announced on Friday that they will increase fuel surcharges on all international flights starting July 7, citing rising global oil prices.