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.
In a system where risk is concentrated in a handful of large institutions, the case for regulating thousands of small, non-systemic entities is not obvious.
This is the transcript of Ep 1830 of Cut the Clutter, where Shekhar Gupta explains why strategic petroleum reserves are a national necessity & how India compares with China, US & Japan.
Tracked and wheeled variants, built in collaboration with Tata Advanced Systems and Bharat Forge, carry 30mm turrets, cross water using hydro jets, and are 65% indigenous.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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