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Explained: What's the deal with oil, drugs and cartels in Venezuela?
05 Jan 2026 14:31 GMT
… estimated at 303 billion barrels, according to OPEC and the US … to extract and refine than conventional oil - with techniques … 's oil production is dominated by Petroleos de Venezuela, SA … per cent of crude oil produced by Venezuela is exported to China, …
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Venezuelan oil: between pie-in-the-sky plans and on-the-ground reality
05 Jan 2026 14:03 GMT
… barrels of oil per day, including around 4 million barrels of heavy crude … two suppliers that mainly export denser, more sulfurous … because US refineries are not equipped to refine Venezuelan crude, and … , Chevron or Occidental Petroleum to invest heavily in …
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Venezuela to reduce oil production amid US export embargo pressures
05 Jan 2026 12:05 GMT
… those with China National Petroleum Corporation (CNPC) and … crude.
This affects operations such as Petrolera Sinovensa, Petropiar, Petroboscan and Petromonagas … for crude and fuel, with more than 17 million barrels … are loading oil for export or domestic use …
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Oil slips as well-supplied market shrugs off Venezuela upheaval
05 Jan 2026 11:27 GMT
… of the biggest global oil reserves.
Brent crude futures were down 23 … , lower at $57.11 a barrel. The benchmarks were volatile in … in the OPEC producer. Elsewhere, the Organization of the Petroleum Exporting Countries and …
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How US attack on Venezuela impacts India's stock market, crude oil bill, economy
05 Jan 2026 11:24 GMT
… US-led restructuring of Petróleos de Venezuela SA could … #39;s oil trade
The return of Venezuelan barrels could, however … s heavy, sour crude—which Indian refineries are uniquely complex enough … million in FY25, while exports—led by pharmaceutical goods—stood …
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Trump’s fresh tariff threat: Will stopping Russian oil imports ease US pressure on India? Time for a clear call
05 Jan 2026 11:09 GMT
… October on Russian oil giants Rosneft and Lukoil, large refiners such as … has significantly increased imports of crude oil and petroleum products from the US … of Washington’s stance.“Indian exports to the US have already …
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Even the Wall Street Journal Doubts the Trump Seize-Venezuela-Oil Scheme
05 Jan 2026 12:46 GMT
… control over Iraq’s oil exports, the US were slow … another half a million barrels a day of production … ones. Per the American Fuel & Petroleum Manufacturers website :
Long before … crude oil was declining, we made significant investments in our refineries …
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Trump Threatens New Tariffs as India Continues to Buy Russian Oil
05 Jan 2026 13:10 GMT
… its continued imports of Russian crude oil, Reuters reported today, … New Delhi that Indian refiners would reduce purchases from … that targeted the top exporters of Russian crude, Rosneft and Lukoil … ’s total oil exports, or some 2 million barrels daily, until …
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Reliance shares drop 1% from record high; ONGC down 2%— How to trade these oil companies amid US-Venezuela conflict?
05 Jan 2026 12:53 GMT
… driving up crude oil prices and straining the margins of oil refiners.
The US … and optimise crude slates.
Moreover, any disruption in Venezuelan exports could tighten … such as diesel and jet fuel, said Srivastava.
Reliance can…
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Business News | Venezuela Crisis Unlikely to Have Major Impact on Gold, Silver and Oil Prices: Experts
05 Jan 2026 10:56 GMT
… prices of gold, silver and crude oil, as the country has … to global oil prices. He noted that most refineries around the … world are not designed to process Venezuelan crude … 9 lakh barrels of oil per day. Bulk of that is exported and …