u.s. sanctions

Geoff Dennis on sanctions, oil shock and India’s emerging market outlook

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Geoff Dennis on sanctions, oil shock and India’s emerging market outlook

The latest round of U.S. sanctions on Russian oil giants has once again stirred the global energy markets, raising questions over crude supply to major buyers like India and China. In an exclusive conversation with ET Now, Geoff Dennis, Global Market Analyst, shared his perspective on the ripple effects of the sanctions, Donald Trump’s diplomatic … Read more

Oil Industry Is Fading Away in Land of the World’s Richest Reserves

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Oil Industry Is Fading Away in Land of the World’s Richest Reserves

Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. But after years of corruption, mismanagement and more recently U.S. sanctions, its oil output has dropped to a tenth of what it was two … Read more