Venezuela has approved one of the most far-reaching reforms of its oil industry in over two decades, marking a dramatic shift away from strict state control and opening the door for greater private and foreign participation. The National Assembly passed the amended hydrocarbons law in a final vote this week,…
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PM Modi Meets Energy CEOs, Highlights $100 Billion Investment Scope
Prime Minister Narendra Modi on Tuesday held a high-level interaction with chief executives of leading global and Indian energy companies, underlining India’s growing importance in the global energy ecosystem and highlighting investment opportunities worth nearly USD 100 billion in exploration and production. The meeting took place at Lok Kalyan Marg…
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Top 10 Oil Consuming Countries 2025: India Ranks 3rd
The global demand for oil continues to rise in 2025, with the United States, China, and India leading as the largest consumers. These countries collectively drive industrial growth, transportation, and energy consumption worldwide. United States: Leading Oil Consumer The United States tops the list, consuming nearly 20.01 million barrels of…