According to a report by S&P Global Commodity Insights, after the US lifted sanctions on oil from the Latin American nation, Indian refiners are expected to import crude oil from Venezuela at discounted prices. Venezuela’s state-run oil company, PDVSA, has “little to no investment capital, and much of the oil-related infrastructure is in a poor state of repair.” Little change in the country’s capacity to produce oil is anticipated in the next six months. With a production of about 750,000 barrels per day (bpd), Venezuela’s current capacity is between 800,000 and 850,000 bpd. The US lifted sanctions against Venezuela earlier…
Author: Samvita Haridas
The Awami League (AL) and the Bangladesh Nationalist Party (BNP) have alternated in positions of political authority since Bangladesh’s democracy was restored in 1991. However, the AL has maintained its hold on power since January 2009, primarily due to election manipulation, which led the US to express “disappointment” with the results of the 2018 election. The United States imposed sanctions on officials of Bangladesh’s Rapid Action Battalion due to allegations of widespread violations of human rights, forced disappearances, extrajudicial killings, and marginalization of the political opposition by the AL government. The economic downturn has prompted the opposition BNP to galvanize…
Anti-semitism, known as the oldest form of hatred in history, has demonstrated a remarkable ability to adapt. It is shaped by strong past examples and built-in stereotypes, both of which support it. However, it also takes on different forms to represent the varying worries and fears of a world that is constantly changing. When viewed in this light, it can be seen as the contemporary expression of a long-standing prejudice that, according to some academics, dates back to ancient times and the Middle Ages. Leaders have exploited antisemitism throughout history to deflect attention from other problems by designating Jews as…
The US and Iran, over the years, have established a relationship that has had troubles. Although Iran and the United States had been close allies in the 1950s and 1960s, their alliance had grown significantly stronger by the 1970s. It so happened to fall amid the increasing dictatorship of the Shah and the massive inflow of funds into Iranian reserves that followed the 1973 Arab oil ban, which Iran both violated and greatly benefited financially from. Fast forwarding to recent years: when President Joe Biden took office, he pledged to bring the United States back to the Joint Comprehensive Plan…
China, the world’s second-largest economy, has been facing a downturn for a while now. After COVID-19 hit its economy, it started facing economic challenges. The biggest spiral of trouble is China’s real estate industry, which has triggered the economy to slow down in the long run. Consumers are warily making decisions that lead to demand-supply misbalance. This misbalance has affected the economy as a whole, having a multiplier-down effect. The recent intervention and presence of China’s President Xi Jinping at the Central Bank of China sparked speculation about some economic measures being taken to reverse the slowdown. Real Estate’s toppling…
