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Venezuela
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Trump Announces Oil Deal: India to Buy Venezuelan Crude Instead of Iranian
Trump says India will buy Venezuelan, not Iranian oil, as US controls Venezuela's oil. India's reliance on Russian oil complicates the shift.
Feb 1, 2026, 11:03 UTC
Coverage Timeline
3 itemsIEA: Global Oil Market to Enter 2026 with Significant Supply Surplus
IEA reports a major oil surplus for 2026, with supply outpacing demand, prices falling, and inventories rising amid mixed geopolitical impacts.
Jan 26, 2026, 11:02 UTC
Oil Stabilizes at $61 per Barrel as Venezuelan Exports Resume and Iran Risks Intensify
Oil steadies near $61 as Venezuelan exports resume, offsetting Iran risks; prices stay high amid geopolitical tensions and rising US inventories.
Jan 15, 2026, 10:45 UTC
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