May 12, 2026

Venezuela oil imports

‘Drill, baby, drill’: Donald Trump hails US oil boost, calls Venezuela ‘new friend and partner’ – The Times of India

‘Drill, baby, drill’: Donald Trump hails US oil boost, calls Venezuela ‘new friend and partner’ – The Times of India

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US President Donald Trump on Tuesday (local time) reiterated his “drill, baby, drill” push for the country, as he highlighted rising energy outputs. Addressing the 2026 State of the Union, he went on to describe Venezuela as America’s new “friend and partner.” Trump said, “American natural gas production is at an all-time high because I…

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Reducing Russian crude imports: India wants US to allow oil from Iran, Venezuela; 25% penal tariffs in focus – The Times of India

Reducing Russian crude imports: India wants US to allow oil from Iran, Venezuela; 25% penal tariffs in focus – The Times of India

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Since the Russia-Ukraine conflict began in 2022, India has significantly increased its crude oil imports from Russia. (AI image) India, faced with 25% additional penal tariffs for its crude trade with Russia, has reportedly asked the US to allow oil imports from Iran and Venezuela.Following international sanctions due to the Ukraine conflict, Russia began offering…

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