Russian, Iranian and Venezuelan Crude: India’s Multi-Continent Oil Strategy Explained

By BPN News Desk March 26, 2026

Op-Eds Opinion

The ongoing West Asia conflict and rising fears of disruption in the Strait of Hormuz have created one of the most volatile global oil environments in recent years. Tankers are being rerouted, shipping insurance premiums are rising, and governments across the world are scrambling to secure

Op-Eds Opinion

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

By BPN News Desk February 14, 2026

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 sanctioned producer under supervision. The result is not a policy shift by […]

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

Venezuela Condemns US Tariffs on Cuba Oil Suppliers

By BPN News Desk January 31, 2026

Venezuela has strongly criticised the United States decision to impose tariffs on countries supplying oil to Cuba, calling the move punitive and unjustified. The Venezuelan government said the measures amount to economic coercion and violate international trade norms. Tariffs Called Punitive Venezuelan officials said the US action unfairly targets nations that maintain

International

India, Venezuela Leaders Agree to Deepen Ties

By BPN News Desk January 31, 2026

Prime Minister Narendra Modi spoke by phone on Friday with Venezuela’s Acting President Delcy Rodríguez, and both leaders agreed to expand and deepen bilateral relations in the coming years. They described a shared vision to take India–Venezuela ties to new heights. Focus on Cooperation Areas Modi and Rodríguez discussed strengthening cooperation in a range of […]

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, […]

International

Rubio Defends Venezuela Operation at Senate Hearing

By BPN News Desk January 29, 2026

US Secretary of State Marco Rubio told lawmakers that the recent US operation in Venezuela should not be viewed as an act of war, defending the move during a Senate hearing amid questions over its legality and intent. Operation Not Meant to Trigger War Rubio said the action was a limited and targeted operation carried […]

International

Machado Says She Will Lead Venezuela in the Future

By BPN News Desk January 17, 2026

Venezuelan opposition leader María Corina Machado has said she intends to lead the country “when the right time comes,” reaffirming her political ambitions despite ongoing restrictions and uncertainty over Venezuela’s electoral process. Political Stand and Message Machado said she remains committed to democratic change in Venezuela and believes she has the backing of

International

Venezuela Says Ready For Diplomatic Confrontation With US

By BPN News Desk January 16, 2026

Venezuela’s interim leadership said it is not afraid to confront the United States diplomatically and is prepared to defend the country’s interests through political and diplomatic channels. The remarks were made amid continuing tensions between Caracas and Washington following recent political developments in Venezuela. Emphasis On Sovereignty The interim government said