Someone's loss is always someone else's gain. As the US continues with its de facto ban on import of crudes from Venezuela, the Latin American nation which is in the middle of a political crisis after Opposition leader Juan Guaido challenged President Nicolas Maduro to proclaim himself as the interim president, India has gained.
It may be mentioned here that India came under immense pressure to maintain its oil trade with Iran after the latter came under America's wrath.
According to a report in Bloomberg, India has emerged to be the No.1 buyer of Venezuelan crude in February after exports to the US came to nought. The quantity of exports to India has jumped 66 per cent to 620,000 barrels a day and the boost is being driven by refiners like Reliance Industries Ltd and Nayara Energy Ltd, backed by Rosneft, Russia.
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WNU Editor: Apparently the discount on Venezuelan oil is beyond good, hence the purchases by Indian companies. So much for Venezuelan sanctions and India respecting U.S. wishes.
7 comments:
Someone's worldwide influence seems to be slipping.
India is no-ones pawn and is intensely nationalistic. I wish the US was more like them. I see no prospect the US will retaliate in a way to upset the US-India relationship. All the pressure is going south on Venezuela.
On the other hand India seems to have gotten a whipping by Pakistan, China was watching closely and getting briefed by Pakistan. India is short of friends with means to help her.
Especially China's influence is shrinking OMG.. ten years ago we were told by today we all speak Chinese. I remember it well. Today's reality is - thanks to Trump - that China's economy is much worse, its economic power and influence is shrinking, while US is actually expanding again. But whatever, Booooooob! :D haaha you crack me upp
I bet someone predicted that in ten years you would be speaking dribble and by gosh, it seems you have been most obliging.
anon
I have e5 horses on my place and there is less horseshit in their stalls than what you just dumped here
Anon
Every coin has two sides. Remember that many brag that the US is a democracy, but it ain't. If it was the politicians would kowtow to all of the people not just a few of the wealthy.
What people say or predict is one thing reality is another. I, very optimistically, predict that within 10 years you will have mastered the English language, well the American version of the English language that is. At this point, based on my experience with you, it is beginning to look as if that war of 1776 was really so that the people living in that portion of the North American continent now known as The United States of America was really not so much about freedom and democracy as it was about dropping the "u" from a number of words.
Here is a quiz for you my girfriend's six year old grandson presented to me.
What do they call Chinese food in China?
Just food as it is already in China.
I am another anon for the record.
Reading the above anon's english made my skull crack!
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