Daily trending news …
Venezuela has chartered its first very large crude carriers (VLCCs) since U.S. sanctions eased, sending up to 2 million barrels of discounted heavy crude per tanker to Indian refineries like those of Reliance, IOCL, BPCL, and HPCL-Mittal.
Russia has pushed back against US President Donald Trump’s claim that India agreed to stop buying Russian oil. The Kremlin clarified that India has always diversified its crude imports and remains free to purchase oil from any supplier. With no official confirmation from New Delhi, experts say Indian refiners cannot fully replace Russian crude, highlighting India’s strategic focus on energy securi
China has sharply increased imports of discounted Russian Urals crude, reaching the highest levels since 2023, after India reduced purchases due to Western sanctions and EU trade risks. With Reliance halting Russian oil intake and Venezuelan supplies shrinking under US pressure, China stepped in to absorb surplus crude. This shift has reshaped global oil flows, strengthening Russia-China energy ti
