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Thursday, May 14, 2026

oil supply deal

Hungary set to agree to buy U.S. oil during JD Vance visit- oil and gas 360

Hungary set to agree to buy U.S. oil during JD Vance visit

April 7, 2026

(Oil Price) – Hungary is expected on Tuesday to agree a $500-million oil supply deal with the United States during the visit of U.S. Vice President JD Vance in Budapest, a source with knowledge of the plan told Bloomberg. Vance arrived in Hungary’s capital city earlier on Tuesday, just days ahead of the general election in the country on April 12, in which Hungarian

Russian Rosneft, India's Reliance strike biggest-ever oil deal-oil and gas 360

Russian Rosneft, India’s Reliance strike biggest-ever oil deal

December 12, 2024

(Oil Price) – Russia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to India’s Reliance Industries in the biggest oil supply deal between the two countries, Reuters reported on Thursday. The 10-year agreement is worth roughly $13 billion a year at current prices. Under the deal, Rosneft will deliver 20-21 Aframax-sized cargoes (80,000 to 100,000 metric tons)

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