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India’s Top Private Refiner Gets U.S. License to Buy Venezuelan Oil February 13, 2026
India’s largest private refiner, Reliance Industries, has been authorized by the United States to buy, export, and sell Venezuelan crude oil, Reuters reported on Friday, citing sources with knowledge of the situation. Reliance last month applied with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for a general license to be able buy Venezuelan […]
Indian Scrapyards Welcome Growing Number of Dark Fleet Tankers February 13, 2026
At least three vessels sanctioned by the United States have arrived in recent weeks at the demolition hub of Alang on India’s west coast, following a record 15 dark fleet tankers sent to these scrapyards last year, as the business rebounds despite concerns about dealing with sanctioned ships. The Woodchip, built in 1993 and sanctioned […]
Venezuela Oil Revenue Projected to Hit $5 Billion Under U.S. Control February 13, 2026
Venezuela’s oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months, U.S. Energy Secretary Chris Wright told NBC News in an interview. “Sales today are over a billion dollars, and in fact, we have sort of short-term agreements over the next […]