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Monday, February 23, 2026
TopicOil industry

Topic: Oil industry

Venezuela’s oil industry has been running day-to-day ops on phone calls & WhatsApp

A 15 December cyber attack shut down PDVSA’s system, leaving the company to run its business outside its own technological networks.

Venezuela interim govt to turn over 50 million barrels of sanctioned oil to USA, says Trump

US President further said the oil will be sold at market price, and proceeds will be controlled by him to ensure they benefit Americans and Venezuelans.

EV sales have taken giant leap forward. But here’s why US is doubling down on oil production

What's happening in the fossil fuel industry is an example of the 'green paradox'—extract resources as quickly as possible when faced with the threat of future decreased market value.

Using oil weapon against Russia risks military response to economic punishment

Cutting Russia's oil and gas exports equals economic decapitation of the regime. Putin has already raised nuclear alert levels. Put oil and gas on the table, and he’s likely to up the ante.

Excise duties & Robin Hood politics — why fuel prices are rising despite low global rates

In episode 668 of Cut The Clutter, ThePrint’s Shekhar Gupta narrates the story of fuel pricing in the country to unpack why prices have risen drastically.

Trump has had an extraordinary impact on oil industry, things will change if Biden wins

Everything will carry on pretty much as they are if Trump is re-elected as US President. But if Biden wins, things will certainly change for domestic energy companies and policy.

Should Modi govt let oil crash cushion finances or will lower retail prices revive economy?

The global oil slump has given Modi govt the cushion to hike fuel taxes to meet revenue shortfalls. But retail fuel prices still hover around pre-Covid-19 levels.

Booze will hurt India’s bid to increase ethanol content in petrol

UP govt order to sugar mills to provide molasses to alcoholic drinks manufacturers at rates well below market levels means less is available to turn into ethanol.

Venezuela oil czar courts India after $20 billion hit from US

India is set to emerge as Venezuela’s preferred customer due to the nation’s willingness to pay for crude in cash.

Saudi prince needs to focus on more realistic and practical reforms

Saudi Arabia needs to reduce the state’s role in the economy, promote privatisation and ensure greater transparency in the system.

On Camera

Nick Jonas wearing a mangalsutra is validation for many Indians. He’s our favourite jiju

Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Suspected brake failure leads to Tejas accident after landing, airframe likely to be written off

The IAF, so far, remains mum on this accident which has led to grounding of the fleet for safety checks.

No country is ever fully sovereign. Cold War era taught India its real meaning

India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.