The United States has told India it may soon resume purchasing Venezuelan crude, using supply as a substitute as New Delhi moves to sharply cut imports of Russian oil, three sources familiar with the matter told Reuters. The outreach comes as India vowed to cut Russian crude oil purchases after Washington raised tariffs on those […]
Oil prices fell more than 2% on Friday as investors factored in a looming global supply glut, while also keeping an eye on a potential peace deal in Ukraine ahead of this weekend’s talks between Ukrainian President Volodymyr Zelenskiy and US President Donald Trump. Brent crude futures fell $1.60, or 2.57%, to $60.64 a barrel. […]