OIL Feed Atom

Oil, Energy, India–U.S. Relations, and the Russia Dilemma
18 February 2026
8:30 AM
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India has sharply increased its purchases of discounted Russian crude oil since 2022, triggering tensions with the United States—including new tariffs under President Trump and threats of far steeper levies. Although a February 2026 trade deal brought some relief and a partial shift toward U.S. (and possibly Venezuelan) supplies, New Delhi continues to prioritize energy security for its 1.4 billion people and insists on maintaining strategic autonomy in sourcing oil—highlighting the deep geopolitical tug-of-war between Washington and Moscow over India’s growing energy needs.

Havana Refinery Fire Contained Amid Deepening Fuel Shortage in Cuba
14 February 2026
7:30 AM
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A fire erupted Friday at Cuba’s Ñico López oil refinery in Havana, producing thick black smoke over the bay, but was swiftly brought under control with no injuries, authorities said, as the island endures an intensifying fuel shortage due to U.S. restrictions on Venezuelan oil supplies. The blaze, confined to a warehouse of unused additives near docked tankers, highlights the precarious energy situation gripping the nation.