Oil’s well: Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up – The Times of India

Oil’s well: Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up – The Times of India

Venezuela’s oil is flowing across the world again, and at its fastest pace in more than seven years. In April, the country’s crude exports jumped 14% to 1.23 million barrels per day, powered by stronger demand from the United States, India and Europe, according to shipping data and internal documents from state-run PDVSA.The sharp rise…

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Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears – The Times of India

Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears – The Times of India

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their oil production quotas by 137,000 barrels per day (bpd) for November, continuing efforts to reclaim market share amid cautious demand projections, AFP reported.“In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low…

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