Have you ever wondered what's really behind the ongoing chaos in Venezuela and why it seems to keep escalating? Is it just about politics, or is there a bigger game involving oil, sanctions, and global power plays?
Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), has affirmed that the world will need more energy in the coming decade and stressed the need to ensure oil supplies are delivered in a stable and secure manner.
Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel.
India aims to increase its hydrocarbons exploration acreage to 0.5 million sq km by 2025 and 1.0 million sq km by 2030, Union Minister for Petroleum and Natural Gas Hardeep Puri said.
The latest report by S&P Global highlights that geopolitical tensions and shifting trade policies could potentially have a negative impact on the global oil demand.
Global crude oil prices are likely to see downside, weighed down by the de-escalation of the Israel-Iran conflict, soft demand and increasing supply, revealed a latest research report by ICICI Bank.
Indian oil and gas sector is likely to see strong growth through the fiscal year 2026 and 2027, despite significant volatility faced by the oil and gas market last month, said a research note by Systematix Institutional Equities.
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31 to review global market conditions and outlook.
Honda Motorcycle & Scooter India (HMSI) has launched the updated OBD2B-compliant Shine 100, bringing enhanced styling and improved environmental efficiency to its popular commuter motorcycle.
"Our efforts to secure a peace settlement between Russia and Ukraine are now hopefully underway. It's so important to get that done, millions of soldiers are being killed. Nobody has seen anything like it since World War II. They are laying dead all over the fields, farmlands... It's time to