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India to boost US oil purchases following Trump's energy production plans

India is expected to boost U.S. oil and gas purchases following President Trump's pledge to increase domestic production

Following U.S. President Donald Trump's vow to maximise U.S. oil and gas output, India is probably going to buy more of the U.S.(REUTERS/Chen Aizhu)
Published on Jan 21, 2025 06:03 PM IST
Reuters |

US sanctions on Venezuela: Debate continues over oil export permits

Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for lack of fairness.

In exchange, the White House gave him a financial lifeline by allowing US energy behemoth Chevron to import and sell Venezuelan oil.(REUTERS/Tatiana Meel)
Published on Jan 19, 2025 05:35 PM IST
PTI |

Indian Oil Corp buys 7 million barrels of crude amid US sanctions on Russia

Indian Oil Corp has purchased 7 million barrels of Middle Eastern and African crude oil, including Abu Dhabi's Murban, amid U.S. sanctions on Russian oil.

As U.S. sanctions are predicted to affect supply from Russia, Indian Oil Corp (IOC), the nation's largest refiner, has purchased 7 million barrels of spot Middle Eastern and African crude oil through bids, including a unique acquisition of Abu Dhabi's Murban.(REUTERS/Yoruk Isik)
Published on Jan 17, 2025 11:07 AM IST
Reuters |

China's Shandong Port bans US-sanctioned oil vessels, impacting Iranian trade

China's Shandong Port Group has banned U.S.-sanctioned oil vessels from its ports, following new U.S. sanctions on Iranian oil.

On Monday, the Shandong Port Group in China sent out a warning prohibiting oil boats authorised by the United States from docking at its ports on the east coast of the nation.(REUTERS/Brendan McDermid/representative)
Published on Jan 07, 2025 11:24 PM IST
Reuters |

Singapore declares former tycoon bankrupt after oil empire collapses

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

After his oil trading empire collapsed, former tycoon Lim Oon Kuin was declared bankrupt in Singapore. (Bloomberg)
Published on Dec 29, 2024 02:01 PM IST
Bloomberg |
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