India today discussed ways to recover over USD 600 million of past dues from Venezuela including recouping it from payments for oil it imports from the Latin American nation.
The Niger Delta Avengers, a rebel group that has attacked numerous oil facilities in Nigeria, rejected a truce offer with officials and claimed they hit a new target.
Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday's failure by oil producers to agree to freeze output levels.
Libyan leader Muammar Gaddafi urged Russia, China and India on Sunday to invest in Libya's oil sector, state television said.