🌍 🛢️ Major shake-up in the world oil map: Venezuela's comeback and what it means for India

⚡️ Crude awakening

Dear reader,

Big news in the oil world! The U.S. just rolled back its sanctions on Venezuela, and guess what? This could majorly boost Venezuela's oil production. Remember, Venezuela was once a top oil player, especially for the U.S. But politics changed everything - until now.

This shift couldn't come at a better time. Europe's scrambling for oil alternatives due to the Russia-Ukraine situation, and the U.S. shale scene is... let's say, complicated. Enter Venezuela, possibly changing the game for everyone, including us in India.

If you are wondering how this all connects and what it means, especially for India, we've got Venu breaking it down for us.

It is a great read,

Raghu