Indian refiners are testing Venezuelan barrels again as Russian supply sinks, but analysts say volumes will remain limited due to refinery constraints & supply capacity.
US President Donald J. Trump announced Monday the conclusion of a trade deal with India, that will see New Delhi curb its Russian oil purchases. MEA says will continue purchases based on market dynamics.
US President Donald J. Trump announced Monday the conclusion of a trade deal with India, that will see New Delhi curb its Russian oil purchases. MEA says will continue purchases based on market dynamics.
Indian spiritual thread runs through Venezuela’s political leadership. Interim president Rodriguez has spoken about the calm at Sathya Sai ashram & Maduro had his portrait in office.
While India’s economic ties with Caracas declined over the past five years following US sanctions, it maintained regular diplomatic engagement with the Maduro government.
New Delhi has maintained normal diplomatic activity with Maduro govt. While China & Russia are among major powers condemning US action in Venezuela, India is yet to react.
Move could pay dividends to Indian refiners, who have capacity to refine heavy crude from Venezuela. India consistently bought crude from Latin American country before sanctions.
Venezuela is in economic turmoil, and US-backed opposition leader Juan Guaido has declared himself president after protests against incumbent Nicolas Maduro.
Morbi makes 80-90% of India’s ceramic exports. The West Asia conflict has cut its propane supply, shutting 200 factories and threatening 400 more—along with 9 lakh livelihoods.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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