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So what is the real oil price right now?
The Iran crisis highlights the complex reality of oil pricing, differentiating between physical and financial markets. While financial markets anticipate future resolutions, physical markets reflect immediate scarcity and soaring costs due to disrupted shipping and increased freight expenses, leading to significant price disparities globally.
Oil market may absorb Maduro shock as global supplies swell
The capture of Venezuelan President Nicolas Maduro following US airstrikes is unlikely to significantly disrupt the global oil market. Venezuela's oil infrastructure remains operational, and its declining output represents a small fraction of global supplies. While rebuilding the sector is ambitious, current oversupply forecasts suggest market stability.
Microsoft to rent Nscale AI data center capacity in Portugal
Microsoft will rent capacity from Nscale at a data center in Portugal. The project, which will use Nvidia's latest AI chips, will be hosted at the Start Campus data center park in Sines, about 150 kilometers (93 miles) south of Lisbon.
A $9.4 trillion results day looms in a test for stock market
In a year that the S&P 500 and other major indexes have slumped into bear market territory, the day will have a lot riding on it. Particularly after a recent rally in equities, which appear to have already priced in a disappointing earnings season to date, sending the Stoxx Europe 600 Index up 4.7% in July.
US to let Eni, Repsol ship Venezuela oil to Europe for debt: Sources
The two European energy companies, which have joint ventures with Venezuelan state-run oil company PDVSA, can count the crude cargoes toward unpaid debts and late dividends, the people said.
Berkshire Hathaway to join global debt bonanza
The deals come as corporate credit risk begins to nudge lower after ballooning during March.
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A flood of $25-a-barrel Saudi Arabian oil is headed for Europe
Saudi Arabia is offering its flagship Arab Light crude into Rotterdam for roughly $25 a barrel.
Indian refiners RIL, Nayara Energy plan to wind down Venezuelan oil buys in April: Sources
Such a step by Reliance, which operates the world's biggest refining complex, and Nayara - part owned by Russian oil major Rosneft - would severely curtail purchases by one of Venezuela's last big export destinations. India accounted for about a third of Venezuela's oil shipments in January.
Meet the economy that the IMF sees growing 86% in 2020
Guyana, a country of 780,000 that neighbors Brazil and Venezuela in the region’s northeast corner, will see its economy balloon 86% next year after expanding 4.4% this year, according to the International Monetary Fund. That’s 14 times the projected pace of China and driven by Exxon Mobil Corp.’s discovery of oil.
Oil price spike or ignore Trump: China and India's big decision
China and India imported about 1.4 million barrels a day of Iranian crude in last 3 months.
Oil investors gain over $70 billion in best week since 2008
European oil firms are heading for the best weekly performance in 7 years as they added about $74 billion in value following crude’s $50 surge.
ONGC Videsh Ltd profit rises 9.6 per cent to Rs 2,068 crore in April-September
OVL, the overseas investment arm of state-owned ONGC, reported a 9.6 per cent rise net profit on the back of surge in oil and gas output.
Investments in Venezuela face high risks: ONGC
Venezuela has already attracted investment from Indian state firms, which are looking for more opportunities there, while Reliance Industries is interested in picking up an equity stake in an oilfield in the country.
Reliance eyes stake in Venezuela crude oil block, Mexico exploration assets: Executive
RIL is looking to pick up an 11% stake in Venezuela's Petrocarabobo project that was recently surrendered by Malaysia's Petronas.
ONGC Videsh not to exercise pre-emption rights in Venezuela's Petroleos de Venezuela
All the partners in the project, including PdVSA, have right of first refusal or pre-emption rights to the Petronas stake.
Reliance Industries to take up oil block in Venezuela
RIL is close to taking an oil block in the Latin American nation that can produce as much as 10 million tons of oil per annum.
OVL mulls raising stake in $20 billion Venezuela oil project
OVL is looking at buying a similar stake that Malaysia's Petronas has decided to give up in the project.
OVL mulls buying Petronas stake in Venezuela
ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are mulling buying 11 per cent stake.
Reliance Industries eyes oil blocks in Venezuela
RIL currently imports about 300,000 barrels per day of oil from Venezuela for processing at its twin refineries at Jamangar in Gujarat.
ONGC Videsh's Venezuela field begins production
The first well in the Carabobo field of Venezuela's oil-rich Orinoco Belt a few days back began pumping extra-heavy crude, sources said.
RIL signs areement with Venezuela for heavy oil project
Reliance Industries today said it has signed an agreement with Venezuela for a project to produce heavy oil in the South American OPEC nation.
Reliance Industries keen on taking project in Venezuela's heavy crude belt
RIL wants to partner Venezuelan state oil monopoly Petroleos de Venezuela to develop a project in the Orinoco extra heavy crude belt, industry sources said.
RIL may join team ONGC for block deal with Venezuela
State oil co likely to bag field with 50B barrels reserves in S American nation.
OVL, IOC and OIL sign agreement for Venezuelan oilfield
Indian flagship overseas explorer ONGC Videsh Ltd and its partners have signed an agreement to develop a $20 billion oil project in Venezuela that will give energy-deficient India 3.6 million tonnes a year of crude.
ONGC's $2 bn Venezuelan investment plan gets nod
CCEA cleared ONGC's $2.2 bn Venezuelan investment.
ONGC, IOC, OIL consortium wins oil block in Venezuela
ONGC & IOC and OIL have won a bid to develop a major crude oil block in Venezuela, its first major overseas success since Imperial Energy Plc acquisition in 2008.
ONGC bids for Venezuela oil block
ONGC has bid for Venezuela's Carabobo oil auction along with Spain's Repsol YPF SA and Petroliam Nasional Bhd of Malaysia.
Stocks to watch: Wipro, ONGC, Sterlite, Tata Motors
The Indian rupee weakened to its lowest in nearly two weeks on Wednesday, tracking lower Asian shares, and investors would watch industrial output data due later in the day for cues on the economy's strength
OVL eyes Russian partner to bid for Argentina's YPF
OVL, the overseas investment arm of state-owned ONGC, is in talks with three Russian companies—Rosneft, Lukoil and Gazprom—for acquiring a substantial stake in YPF, the Argentinean arm of Spanish oil major Repsol YPF SA.
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