Reliance Gets US Licence For Venezuelan Oil: India Builds A Sanctions-Proof Energy Strategy

By BPN News Desk February 14, 2026

Op-Eds Opinion

The United States granting Reliance Industries permission to import Venezuelan crude is not just a corporate clearance. It is a quiet acknowledgement of reality. After the Ukraine war pushed India towards discounted Russian oil, Washington has now effectively allowed India access to another

International

India Russian Oil Imports Hit 38-Month Low

By BPN News Desk February 7, 2026

India imports of Russian oil fell sharply in December 2025, reaching the lowest level in more than three years as refiners increased purchases from alternative suppliers. The shift reflects ongoing efforts to diversify sourcing and manage price risks amid evolving global supply dynamics. Russian Oil Imports by India Fall In December 2025 Data showed Russian […]

Op-Eds Opinion

Reliance Buys Venezuelan Oil Why Paying More May Help India

By BPN News Desk February 6, 2026

Reliance Industries recently bought about 2 million barrels of Venezuelan oil after nearly a year without such imports. The cargo comes at a smaller discount than Russian oil, meaning India is knowingly paying more per barrel than it has been used to since the Ukraine war reshaped global energy trade. For a country that prides […]

Op-Eds Opinion

SBI’s Venezuelan Oil Report Does Not Match Trade and Price Data

By BPN News Desk February 4, 2026

India’s crude oil sourcing strategy became a public talking point after statements indicating a possible shift towards Venezuelan oil. Almost immediately, a research note from the State Bank of India argued that such a move could save India nearly $3 billion annually. Given the size of India’s oil import bill and the political sensitivity of […]

International

Trump Says India Will Buy Oil From Venezuela

By BPN News Desk February 2, 2026

U.S. President Donald Trump has said that India will purchase crude oil from Venezuela instead of Iran, indicating a potential shift in India’s energy sourcing under U.S. policy preferences. Trump made the remarks while speaking about sanctions and oil trade arrangements involving Iran and Venezuela. Iran Oil Imports Already Halted India had been a major […]

International

US Allows Oil Companies to Operate in Venezuela

By BPN News Desk January 30, 2026

The United States has issued a general licence allowing American oil companies to operate in Venezuela’s oil sector, easing some restrictions imposed under existing sanctions. The decision marks a shift in Washington’s approach toward the South American nation’s energy industry. What the Licence Permits Under the licence, US oil companies are allowed to export, sell, […]

Op-Eds Opinion

Why the West Pressured India on Russian Oil Without Wanting Supply to Stop

By BPN News Desk January 24, 2026

Western capitals have spent the last two years telling their publics that sanctions are choking Russia’s war machine, and that the rest of the world is falling in line. India, the world’s third-largest oil consumer, became a prime stage for this storyline. The pressure on New Delhi to cut Russian crude has been loud, constant, […]

International

Trump Claim on UK North Sea Oil Questioned

By BPN News Desk January 23, 2026

US President Donald Trump claimed that the United Kingdom has up to 500 years of oil and gas reserves left in the North Sea, criticising British energy policy and calling for increased fossil fuel production. The remarks were made during a public interaction on global energy issues. Reality of North Sea Reserves Available official assessments […]

Op-Eds Opinion

How India Can Reduce Oil Consumption Through Time-Bound EV Policy Enforcement

By BPN News Desk January 18, 2026

Introduction India’s energy vulnerability is not electricity scarcity but oil dependence. Despite having adequate national power generation capacity and a steadily strengthening transmission backbone, India remains structurally exposed to global crude oil markets. Petrol and diesel continue to dominate transport energy consumption, making fuel imports a persistent

Op-Eds Opinion

What India Actually Gains From Finding Oil in Abu Dhabi

By BPN News Desk January 15, 2026

The news that Indian public sector companies have discovered oil in Abu Dhabi has been widely projected as a major breakthrough. Headlines have done what they usually do, suggesting a leap towards energy security and implying that India has struck oil abroad in a way that meaningfully alters its dependence on imports. The reality is […]