The world is still processing the nighttime raid on Venezuela by  U.S. forces on Saturday, capturing President Nicolás Maduro and his wife, and flying them to New York to face narcoterrorism and drug conspiracy charges.

Secretary of State Marco Rubio on Sunday touted what he called a unique U.S. capability to refine Venezuela's abundance of crude oil, a linchpin of the Trump administration's takeover strategy for the country.

The private refiner, which used to be India's largest buyer of Russian oil, said on X that it has not received any Russian crude oil cargoes at its Jamnagar refinery in the past three weeks. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

Reliance has denied a Bloomberg report claiming fresh Russian crude shipments to its Jamnagar refinery. The clarification comes amid heightened scrutiny as the US imposed 50% tariffs on Indian goods,

The Tema Oil Refinery (TOR) has officially resumed crude oil refining operations after several years of inactivity.

RIL stated that it has not received any such cargoes in recent weeks and does not expect Russian crude oil deliveries in January.

Africa's crude oil demand is expected to more than double by 2050, requiring over $100 billion in refining investment to reduce reliance on costly fuel imports and address a structural supply deficit.

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