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The relationship between the US and Venezuela is characterised by both using their resources as bargaining chips.
Iran’s oil sales are at a five-year high as the US looks the other way despite sanctions. Iran is smartly undercutting Russia in selling cheaper oil and upset Saudi Arabia’s plan to profiteer from production cuts. The new world order being shaped amid the US-China battle for global supremacy equally belongs to countries charting independent paths
The drastic and sudden drop in Venezuelan and Iranian oil exports to India in 2019-2020, due to the looming threat of US secondary sanctions, is the latest supply chain disruption to India’s energy security. To avoid similar disruptions in the future, India must act decisively to increase its Strategic Petroleum Reserves to meet at least 90 days of emergency oil stocks, and combine lobbying efforts between India’s private and public oil compa
स्वस्त तेल विकण्याच्या स्पर्धेत इराण चतुराईने रशियाला मागे टाकतो आहे आणि उत्पादनात कपात करून नफा कमावण्याच्या सौदी अरेबियाच्या योजनेलाही शह देत आहे.
