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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.
US President Donald Trump shocked the world by posting his official portrait on Truth Social with the title “Acting President of Venezuela – Incumbent January 2026.” This came after a major US military operation earlier this month captured Venezuelan leader Nicolas Maduro and his wife, who were flown to New York and charged with narco-terrorism. Trump stated the US will manage Venezuela until a sa
Caracas-based Venezuela IBC Index skyrocketed 50% on Tuesday, January 6, 2026, following the US capture of President Nicolas Maduro, extending a rally with 87% gains in two January sessions. The surge reflects optimism over potential political stability, improved oil exports, and a $2 billion crude deal with the US announced by Trump.
The US military action in Venezuela leading to President Maduro’s capture is expected to have negligible effects on Indian oil refiners, already detached from Venezuelan crude due to longstanding sanctions. Venezuela contributes just 1% to global supply (900,000 bpd production), with exports mainly to China (76%). Disruptions would affect limited buyers, while abundant global supply and Brent trad
Venezuela President Maduro Captured By U.S. Army’s elite Delta Force – Oil Price Spike & Global Market Volatility Expected. The U.S. capture of Venezuelan President Nicolas Maduro on January 3, 2026, creates immediate uncertainty in global energy markets as Venezuela is a key OPEC+ oil producer. Oil prices may rise temporarily due to supply disruption fears, though long-term effects are limited by
