IMF, World Bank Restore Ties With Venezuela

By BPN News Desk April 17, 2026

International

The International Monetary Fund and the World Bank have announced that they are restoring ties with Venezuela, reopening formal engagement after relations were cut in 2019 during the leadership dispute over the country’s presidency. The move could create a pathway for Caracas to seek financial

Op-Eds Opinion

Hormuz Becomes A Risk Zone While Venezuela Reopens: Is The US Quietly Rewriting Global Oil Flows?

By BPN News Desk April 8, 2026

The 40-day conflict involving Donald Trump and Iran has left behind a reality far more consequential than battlefield narratives. The Strait of Hormuz, which carries nearly 20% of the world’s oil, is no longer just a sensitive corridor. It is now structurally risky. At the same time, Venezuela’s oil sector is reopening under growing U.S. […]

International

Sergei Lavrov Says Iran, Venezuela Targeted For Oil

By BPN News Desk March 31, 2026

Russian Foreign Minister Sergei Lavrov has claimed that alleged US efforts to pursue regime change in Iran and Venezuela were driven by a desire to gain control over their oil and gas resources. His remarks come as the Iran war continues to deepen geopolitical tensions and raise fears of a wider regional conflict. Lavrov Links […]

Op-Eds Opinion

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

By BPN News Desk March 26, 2026

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 supply. Amid this turbulence, India has quietly begun locking […]

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, […]