U.S. Returns Seized Oil Tanker to Venezuela
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India’s ethanol blending programme has helped the country save more than Rs 1.44 lakh crore in foreign exchange and substitute about 245 lakh metric tonnes of crude oil, according to the Economic Survey 2025–26. The Survey states that ethanol-blended fuels have become an important pillar of the country’s energy security efforts .
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Indian Oil Corporation is ready to process Venezuelan crude if supplies resume, recalling past imports. The company's robust refineries can handle the oil, according to its chairman. This comes amid geopolitical shifts and India's strong economic growth,