Trump announces 25% tariff on nations buying Venezuelan oil and gas

Quick Summary:

Sporadic oil imports from the country first began in December 2023, after a long pause.

Venezuelan crude made up $1.01 billion of the $109.3 billion of crude imported in the first nine months of FY25.

Last year in July, RIL had secured official clearance from US authorities to import oil from the South American country.

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Article Details

Category: BusinessFinance

Markets: IndiaUnited StatesVenezuela

Topics: US tariff Donald Trump Tariffs Oil Oil and gas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 22:28:03 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27287566

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Official Website: business-standard.com

Update Frequency: 254 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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