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 […]
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Marco Rubio said New Delhi is willing to process more Venezuelan oil and highlighted its capacity to refine heavy crude. Washington did not specify which restrictions it might modify or announce any concrete measures. The Daily Journal – The United States will need to address potential sanctions-related obstacles to enable India to increase its refining […]
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Venezuela ranked among India’s leading oil suppliers in August, as the country imported an average of 4.5 million barrels per day. The Daily Journal.- Venezuelan oil accounted for 9% of India’s crude imports in August, according to the monthly report that the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. The oil-producing group […]
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Imports are expected to rise to 465,000 barrels per day, their highest level in nearly seven years. The Daily Journal.— India’s imports of Venezuelan crude are set to double in October after seven years without trade due to sanctions, driven largely by Reliance Industries, the Asian country’s largest private conglomerate. According to Bloomberg, Reliance accounted […]
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The state-owned oil company took advantage of eased U.S. sanctions to add heavy Merey crude to its refining mix The Daily Journal.- In a strategic move to secure energy supplies and reduce costs, state-owned Indian Oil Corporation (IOC) has advanced an industrial modernization plan aimed at increasing the complex’s capacity to 18 million metric tons […]
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Exports fell to 1.08 million barrels per day in September The Daily Journal.- Venezuela’s oil exports fell nearly 9% in September to 1.08 million barrels per day, down from 1.19 million barrels per day the previous month. According to Reuters, rising maritime freight costs and traders’ demands for steeper discounts weighed on the country’s shipments. […]
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The Daily Journal. — Venezuela’s oil production reached 1.201 million barrels per day (bpd) in August 2026, according to a report released Thursday by the Organization of the Petroleum Exporting Countries (OPEC). The figure represents a slight increase of 1,000 bpd from the 1.200 million bpd Venezuelan authorities reported in July, keeping output above the […]
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The Daily Journal.— Venezuela ranked among India’s five largest oil suppliers during the six months of war in Iran, accounting for nearly 5% of the Asian giant’s total imports, according to data from analytics firm Kpler. Venezuela joined Brazil in the Russia-led group, followed by the United Arab Emirates and Saudi Arabia, as the global […]
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The Daily Journal.- Venezuelan crude exports surged in August as U.S. President Donald Trump’s administration seeks to expand its control over the country’s oil sector. Oil tankers loaded an average of 1.114 million barrels per day of Venezuelan crude in August, a 28% increase from July, according to shipping reports, data from Kpler Ltd., and […]
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The Daily Journal.- India’s state-owned Oil and Natural Gas Corporation (ONGC) obtained a license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to fully resume operations in Venezuela, a senior company executive told The Economic Times. According to the Indian newspaper, the U.S. authorization clears the way for ONGC to “increase production, […]
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