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Crude shipments from Venezuela peaked almost a decade ago and currently account for less than 1% of India's oil imports.
India is in talks with Saudi Aramco, the world's top oil exporter, to secure investment in two planned refineries.
Oil prices were steady on Thursday as markets assessed new U.S. tariffs, while concerns about global supply kept prices near one-month highs.Brent crude futures fell 23 cents, or 0.3 per cent, to $73.
“The news around Trump’s tariffs on autos may actually turn out to be a net positive for crude oil because the rise in new car prices from tariffs will mean it slows down the switch to newer, more ...
Global crude oil prices have declined over 10% from their peak this year amidst concerns of oversupply and lack of demand. OPEC+ is also set to increase production starting next month.