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India's import of US oil jumps 10-fold to 250,000 bpd: US Energy Secretary

India began importing crude oil from the US in 2017 as it looked to diversify its import basket beyond the OPEC nations

India's import of US oil jumps 10-fold to 250,000 bpd: US Energy Secretary
Updated On : 26 Feb 2020 | 2:04 AM IST

Three years after $1-billion Venezuela deal, US oil firm shuts doors

Horizontal never completed the wells, its financial backer took a provision for losses on the loan, and Venezuela's production continued to fall

Three years after $1-billion Venezuela deal, US oil firm shuts doors
Updated On : 12 Jan 2020 | 1:06 AM IST

China buys US oil despite trade war as sanctions hit Iran, Venezuela

American oil exporters are emerging as the beneficiary of global supply disruptions and a collective output-curb decision by OPEC and its allies

China buys US oil despite trade war as sanctions hit Iran, Venezuela
Updated On : 26 Jun 2019 | 11:39 PM IST

Indian Oil signs first annual deal to buy up to 3 million tonnes of US oil

IOC had previously purchased U.S. oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of U.S. oil between November to January.

Indian Oil signs first annual deal to buy up to 3 million tonnes of US oil
Updated On : 18 Feb 2019 | 10:57 PM IST