global oil market Archives - The Daily Journal

Rubio concludes India visit after discussing Venezuelan crude oil processing

October 22, 2026October 22, 2026Tatiana Da GamaLeave a Comment

EFE – U.S. Secretary of State Marco Rubio departed India on Thursday after a visit focused on expanding energy cooperation and promoting the processing of Venezuelan oil at Indian refineries, as Washington seeks to diversify global crude oil supplies. “I just left India after advancing our economic and strategic priorities in the region,” Rubio said […]

Refineries overtake traders in Venezuelan oil purchases, Reuters reports

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]