Categories: BUSINESS

Trump says US to ‘run’ Venezuela, tap its crude reserves: Why it won’t matter much for India’s oil bill

US President Donald Trump has said America is taking temporary control of Venezuela, aiming to tap its vast oil reserves. Despite holding the world’s largest crude reserves, Venezuela’s oil output is unlikely to see a significant boost for years due to political instability and decaying infrastructure. India’s exposure remains minimal due to low trade and diversified sourcing.
Sumitra

Share
Published by
Sumitra
5 months ago

Recent Posts

Tu cheez badi hain….Musk Musk: A small step for SpaceX, a giant leap to a trillion for Elon

Elon Musk has achieved a historic milestone by becoming the world’s first trillionaire, driven by…

19 hours ago

Centre opens radio spectrum to accelerate deployment of vehicle collision-avoidance systems

India has removed licensing for crucial radio spectrum bands, specifically 77-81 GHz for automotive radar…

19 hours ago

Countries protecting domestic industries, India no exception: Piyush Goyal on global trade

India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect…

2 days ago

Seeds of change: How India’s agriculture went high-output in 12 years

India's agriculture sector has seen remarkable growth over the past decade, fueled by increased government…

2 days ago

AI windfall for the public? Trump signals shake-up for tech giants

US President Trump is pushing for major AI firms to "give back" to the public,…

3 days ago

Markets dumped India for AI stars. BlackRock says that’s a mistake

BlackRock believes India's equity market is unfairly penalized for its limited direct AI exposure and…

3 days ago