October 14, 2026
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Indian Oil, HPCL Buy 2 Million Barrels of Venezuelan Oil

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India’s state‑owned refiners Indian Oil Corporation and Hindustan Petroleum Corporation Ltd have jointly purchased 2 million barrels of Merey crude oil from Venezuela’s Trafigura for delivery in the second half of April, according to trade sources familiar with the deal. IOC is set to lift about 1.5 million barrels and HPCL about 500,000 barrels on a single […]Continue Reading
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Trafigura Accuses Indian Businessman of Prior Fraud as $600 Million Metals Scam Trial Unfolds

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Trafigura’s lawyers accused Indian businessman Prateek Gupta of a long history of fraudulent activity as he testified for the first time in London’s High Court on Wednesday. Gupta, who appeared remotely from Dubai, acknowledged he is under investigation for fraud in India but denied all allegations related to the commodity trader’s $600 million metals scam […]Continue Reading

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