Thursday, 27 January, 2022
TopicSaudi oil shock

Topic: Saudi oil shock

Saudi Arabia faces a double crisis and people are waking up to a harsh new reality

With plunging crude prices and coronavirus shutdowns, the non-oil economy in Saudi Arabia is expected to contract for the first time in over 30 years.

Saudi oil shock will probably not matter as much to the world as it could to India

The global energy market has diversified and the loss of 5.7 million barrels of oil in an $84.8 trillion global economy is less likely to qualify as major crisis.

Saudi oil shock could unite India, China amidst tensions in Middle East

China, India, Japan and South Korea are dependent on Saudi exports and would not want the geopolitical crisis to escalate.

On Camera

YourTurn

Ebrahim Raisi was announced as the new president of Iran with 17,926,345 votes on 18 June | Twitter/@Iran_GOV

Afghanistan emerging as a deep security hole. Can Iran’s revolutionary generals see it?

Iran's large but suppressed democratic constituencies are gravely dismayed by losing a key democratic ally and inspiration.
Bagmane Tech Park in Bengaluru | Photo Credit: Wikimedia Commons

Why Karnataka got record 45% of India’s total FDI in first half of this financial year

Karnataka could create history this fiscal by trumping Maharashtra, Gujarat & Delhi as India's No. 1 investment destination. It was in 2008-09 that a state last accounted for 45% of total FDI. 

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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