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oil

Government and Policy

No shortage of petroleum products despite supply disruptions and no plan to ration fuel, alternative markets being explored: Govt of India

OpIndia Staff -
As tensions in West Asia have raised concerns about the availability of petroleum products, the Indian government has issued strong assurances on the country's...
Editor's picks

US-Iran war day 4: Fire erupts at Fujairah oil industry zone after drone interception by UAE air defences

OpIndia Staff -
The Fujairah Oil Industry Zone is situated on the eastern coast of the UAE along the Arabian Sea. It plays a key role in global energy trade because it allows oil tankers to operate without passing directly through the Strait of Hormuz. This is a major shipping route for the export of energy products from the Middle East.
News Reports

Trump says Venezuela will give 50 million barrels of oil to US and he will control the money after selling it, claims the country...

OpIndia Staff -
U.S. President Donald Trump on Wednesday revealed the details of a proposed agreement with Venezuela's interim government, claiming the country would transfer between 30...
News Reports

US seizes two oil tankers linked to Venezuela, including one recently flagged as Russian vessel, for violating sanctions

OpIndia Staff -
In an escalation of its sanctions enforcement against Venezuela, U.S. forces seized two oil tankers accused of transporting illicit Venezuelan crude on Wednesday, marking...
News Reports

‘President Trump not as popular as PM Modi,’ says geopolitical expert Ian Bremmer, predicts that the US might not benefit in the long term...

OpIndia Staff -
Ian Bremmer said that Trump’s decisions might not last, as he will leave office in 2029.
News Reports

Before petroleum, there was bird poop: Read when Spain fought a war in South America, and US brought a law to claim islands. When...

Praarabdh Raaya -
To modern eyes, the idea that nations would go to war over bird poop seems laughable, but to 19th-century strategists, it was nothing short of essential.
News Reports

India seeks $30 billion in compensation from Reliance Industries and BP over the KG-D6 gas output dispute

OpIndia Staff -
The KG-D6 block was awarded to Reliance by the Indian government in 2000 under a production sharing contract.
Editor's picks

Donald Trump deploys warships, activates CIA lethal ops to target ‘Venezuelan drug cartels’: Is it just about drugs or another regime change war for...

Rukma Rathore -
The US has often expressed its interest to overthrow the Maduro regime in Venezuela, and the Trump administration appears to be finally acting on that motive.
News Reports

Indian Oil Corporation to produce Sustainable Aviation Fuel from used cooking oil: All you need to know

Shraddha Pandey -
By December 2025, IOC will have the capacity to produce 35,000 tonnes per year of SAF from used cooking oil.
News Reports

Russian oil still not sanctioned by US or EU, crude prices will reach USD 200 per barrel if India stops buying Russian oil: Sources

OpIndia Staff -
Global crude prices could jump to 200 US Dollars a barrel if India were to stop buying Russian Oil thus severely harming consumers worldwide, sources told ANI.
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