Tag: crude oil

Oil prices settle up as Iraq backs more output cuts from OPEC+

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty.

Still, prices settled with weekly losses of 4%, their third straight weekly decline.

”This was the perfect technical storm. We came into this week with an almost record short position and now we’re seeing some short covering going into the weekend,” said Phil Flynn, an analyst at Price Futures Group.

Flynn noted that in addition to Iraq’s comments, Saudi Arabia and Russia confirmed this week that they would continue oil output cuts through year end.

In the U.S., energy firms cut the number of oil rigs operating for a second week in a row to the lowest since January 2022, energy services firm Baker Hughes said. The rig count points to future output. Brent futures rose $1.42, or 1.8%, to settle at $81.43 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.43, or 1.9%, to settle at $77.17.

Brent and WTI notched their third straight weekly losses for the first time since May, although both benchmarks exited technically oversold territory.

”Concerns about demand have replaced the fear of production outages related to the Middle East conflict,” analysts at Commerzbank said.

Weak Chinese economic data this week increased worries of faltering demand. Refiners in China, the largest buyer of crude from Saudi Arabia, the world’s largest exporter, asked for less supply for December.

U.S. consumer sentiment fell for a fourth straight month in November and households’ expectations for inflation rose again.

U.S. Federal Reserve Bank of San Francisco President Mary Daly said she is not ready to say yet whether the Fed is done raising rates, echoing Fed Chair Jerome Powell’s comments on Thursday.

Higher interest rates can reduce oil demand by slowing economic growth.

In Britain, the stagnating economy failed to grow in the July-to-September period but did avoid a recession, according to the UK’s Office for National Statistics.

UPCOMING OPEC MEETING

OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, will meet on Nov. 26.

Iraq’s oil ministry said Baghdad is committed to the OPEC+ agreement on determining production levels.

Chances Saudi Arabia will extend its output cut into the first quarter of 2024 ”is certainly increasing given renewed market concerns about Chinese demand and the broader macro outlook,” RBC Capital Markets analyst Helima Croft said.

Analysts at Capital Economics said OPEC+ might cut supply further if prices continue to fall.

”We are sticking with our forecast of Brent ending both this year and next year at around $85 per barrel,” the research firm said in the note.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Why are oil traders scared of the Fed?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Crude oil prices rose from a low of $67 in June to a high of $94 towards late September. As of the latest reading, WTI Crude had recouped some of its recent losses to trade at $83, about 1% higher, even though the New York benchmark is still on track for 10% losses in October.

This means oil has fallen in a month which saw hostilities break out between Israel and Hamas, an event that would have typically spiked prices. Oil prices may still surge if the conflict escalates.

Crude oil also remained jittery ahead of the US Federal Reserve’s meeting on October 31 and November 1, as traders weigh the possibility of hawkish commentary from the central bank and other economic cues.

Also Read: Federal Reserve, geopolitics threatens US Dollar’s seasonal year-end slump

For the Fed’s November 1 announcement, traders are hoping that the central bank will not up its benchmark rate beyond the current 5.25-5.5% range, a 22-year high.

But beyond the rate decision itself, traders will focus on the Fed’s commentary.

Forecasts by the US central bank from September showed that a majority of its policymakers see the Fed’s benchmark overnight interest rate ending this year at 5.6%, which implies one more interest rate hike in the next three months. They also now anticipate an end-of-2024 policy rate of at least 5.1%, half a percentage point higher than they projected three months ago.

A high rate of interest is negative for crude as it slows economic activity and strengthens the US dollar.

Traders are also keeping an eye on economic data.

Also Read: European Central Bank presses pause after barrage of hikes to tame inflation

Today, China’s factory activity, as measured by its purchasing managers’ index, unexpectedly shrunk, outlining continuing troubles for the world’s second-largest economy.

And tomorrow (November 1), the US non-farm payrolls data is expected, where the economy is seen adding 182,000 jobs in October, as opposed to 336,000 in September. Analysts also expect the unemployment rate to remain at 3.8% and wage growth to slow to 4%, a post-pandemic low.

Weak jobs data indicating a slowing economy will act as a dampener for oil prices. Analysts believe that the Fed has limited options to combat the slowdown. The central bank continues to battle inflation, which has come off a high of 5.3% in February to 3.4% in September but remains above the central bank’s target of 2%.

The World Bank recently said oil could fall to as low as $81 as global growth slows.

Also Read: US Fed minutes flag high rates for “some time” while risks shift

This means that as markets head into the Fed meeting, the likely scenario that could put crude oil on an upward trajectory is the central bank saying it expects prices – and hence rates — to come down sooner than expected.

Barring that, or the Middle East conflict snowballing into a regional war, crude oil will likely remain weak.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Oil edges higher after plunge with Israel-Hamas war, demand in focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Oil edged higher after a steep drop spurred by signs that the Israel-Hamas war will remain contained while demand may be softening.

West Texas Intermediate rose toward $83, after losing nearly 4% on Monday to erase all of the gains that followed the Oct. 7 attack on Israel. Global benchmark Brent was near $88. The ground invasion of Gaza has yet to spark a wider regional conflict that could risk crude supplies, although Prime Minister Benjamin Netanyahu has ruled out a cease-fire.

Crude is wrapping up a turbulent month, with prices rocked by the war and mixed indicators on demand. Both WTI and Brent are on course to cap declines in October as the risk premium triggered by the conflict fades away, with concerns of a global slowdown returning to the fore. Data from Asia on Tuesday highlighted the risks as manufacturing in China fell back into contraction.

Also Read: Asian stocks waver, yen wobbles as Bank of Japan takes centre stage

There are “expectations that the conflict may still be contained,” which may cap the war risk premium, said Yeap Jun Rong, a market strategist at IG Asia Pte. The China data reveals downside risks to economic conditions, he added.

A narrowing in WTI’s prompt spread — the difference between its two nearest contracts — suggests that near-term conditions are becoming less tight. The widely watched differential has dropped back to 63 cents a barrel in backwardation, down from about $2 a barrel at the end of September.

Among demand signals in recent days, a Bloomberg survey suggested Saudi Arabia would refrain from increasing its flagship oil price for Asian customers for the first time in six months as refinery margins weaken. Separately, OilChem reported that Chinese processors may cut runs on poor margins.

Elsewhere, oil consumption in Germany is set for a sharp slump this year, according to the Paris-based International Energy Agency. In the US, meanwhile, physical gasoline in the New York spot market has lost its premium over futures for the first time in about a month amid softer-than-usual demand.

Catch latest stock market updates on CNBCTV18.com’s blog

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Oil prices broadly stable amid flurry of weak economic data

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Oil prices were broadly stable on Tuesday (October 24) following the previous session’s dip after a flurry of economic data from Germany, the wider eurozone and Britain sketched a bearish picture which could weigh on oil demand.

Brent crude futures were up 9 cents, or 0.1%, at $89.92 a barrel by 0847 GMT, while US West Texas Intermediate crude futures inched up 4 cents, or 0.05%, to $85.53 a barrel.

Eurozone business activity took a surprise turn for the worse this month, data showed on Wednesday, suggesting the bloc may slip into recession.

German readings suggested a recession in the country is well underway, while Britain’s businesses reported another decline in activity this month, underlining the risk of recession ahead of the Bank of England’s interest rate decision next week.

Both oil benchmarks fell more than 2% on Monday (October 23) as diplomatic efforts in the Middle East, the world’s biggest oil-supplying region, intensified to contain the conflict between Israel and Hamas.

Hamas on Monday said it had freed two Israeli women, while sources said the US had advised Israel to hold off on a ground assault in the Gaza Strip.

PVM analyst John Evans said, “The disturbing truth (is) that without further conflict oil’s rally is transient, or at least the rally involving the latest Middle East nightmare.”

In the US, crude stockpiles were expected to have risen last week, a preliminary Reuters poll showed on Monday.

The poll was conducted ahead of reports from the American Petroleum Institute industry group, due at 2030 GMT on Tuesday (October 24), and the Energy Information Administration, due at 1430 GMT on Wednesday (October 25).

“We expect WTI to move within the $80-$90 range for a while,” said Yuki Takashima, economist at Nomura Securities.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Standard Chartered says yields close to topping out, prefers bonds to equities in near term

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Rajat Bhattacharya, Senior Investment Strategist at Standard Chartered sees bonds as a better investment bet in the near term globally versus equities.

He believes US bond yields have topped out and the upside is likely to be capped at around 5%. The US 10-year treasury yield has crossed 4.8%, hitting 16-year highs.

“We are expecting a global economic slowdown led by developed economies next year…yields will come off,” he said.

While any escalations in the Israel-Hamas conflict need to be closely watched, he highlighted that historically, such geopolitical conflicts from the Middle East have not led to a lasting impact on oil prices.

Crude oil prices have surged by nearly 6% in the past ten days since the start of the Israel-Hamas conflict. Analysts back home are cautious, closely monitoring the situation.

Also Read | Why Wood Mackenzie believes oil prices could ease by early FY25

For long-term investors, equities remain the better bet, he said, explaining that India’s nominal growth stands at around 12% and earnings growth has historically tracked nominal GDP growth over several decades. He expects that to extend over the next 3-5 years, so valuations don’t look too expensive.

For more details, watch the accompanying video

Also, catch all the live updates on markets with CNBC-TV18.com’s blog

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India lowers windfall tax on crude petroleum to Rs 9,050 per tonne

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The Indian government on Tuesday (October 17) announced reduction of special additional excise duty (SAED) on crude petroleum from Rs 12,100 per tonne to 9,050 per tonne with effect from October 18, 2023.

Besides, SAED or duty on diesel will be reduced to Rs 4 per litre from Rs 5 per litre and the duty on jet fuel or ATF will be lowered to Re 1 per litre from Rs 2.50 per litre currently.

The South Asian nation first imposed windfall profit taxes on July 1, 2022, joining a growing number of nations that tax super-normal profits of energy companies. At that time, the government levied Rs 6 per litre ($12 per barrel) on petrol and ATF and Rs 13 a litre ($26 a barrel) on diesel.

This decision comes at a time when the prevailing geopolitical tension in West Asia has raised possibilities of crude oil price hikes, as per many experts. The global crude oil market is on tenterhooks as tensions in the Middle East continue to surge, said Peter McGuire, CEO of XM Australia, while pointing to the potential for crude oil prices to skyrocket to the $100 per barrel mark.

“It has got the potential to be up higher, I mean it has just been dynamic. So, possibly $95/bbl, maybe $100/bbl in this rally,” said McGuire in an interview with CNBC-TV18.

Also, in an interaction with CNBC-TV18, Harsha Upadhyaya, Chief Investment Officer at Kotak Mahindra Asset Management Co. said that there could be some pressure on margins due to crude prices moving upwards.

“We have seen a 30% rise in crude prices over the last 3 months, from $70 to $90 a barrel. So there has already been an increase. This will flow into margins over the next 1-2 quarters with a lag,” he said.

Also Read:India hikes windfall tax on crude oil to Rs 12,100 per tonne

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sensitivity of large buyers have to be taken into account, says Hardeep Singh Puri

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Wednesday (October 11) highlighted that the sensitivity of importing countries, especially large buyers, has to be taken into account.

Speaking at the 14th edition of KPMG’s Innovation and Energy Conclave, Puri said many important oil-producing countries are showing worrying signs, and availability and affordability of oil needs to be looked at.

Puri’s statement comes as key OPEC+ members Saudi Arabia and Russia have continued with their policy of voluntary cuts. Saudi Arabia announced last week that it would continue with a voluntary cut of one million barrels per day (bpd) until the end of 2023, while Russia said it would keep a 3,00,000 bpd voluntary export curb until the end of December.

This resulted in oil jumping towards $100 a barrel for Brent crude, the highest since 2022. This led to the oil minister assuring that India would be able to manage oil prices above $100 per barrel, but it could lead to “organised chaos”.

“India’s energy demand will continue to provide fuel for future economic growth, as it grows exponentially: India is the world’s 3rd largest consumer of oil, 3rd largest LPG consumer, 4th largest LNG importer, 4th largest refiner, 4th largest automobile market,” he observed.

“My belief is if you have a large amount of liquidity then high oil prices mean a problem.”

Puri on Israel-Hamas conflict

Puri remained hopeful that India can navigate through the ongoing West Asian crisis if the oil supply lines were not disrupted. As per him, the union government has maintained a close watch on the situation.

“I think in the 5 days of the Hamas strikes and Israel’s military operations which look like getting escalated, I think the global markets will factor all things into account and if the supply lines are not disrupted, hopefully we will be able to navigate through.”

“If crude oil prices go up it has a very strong and adverse impact on efforts for global economic recovery,” he added.

Puri also said at the conclave that the world is facing multiple crises at the moment, including in the food, fuel and fertiliser sectors.

“The world of energy is riddled with challenges on multiple fronts–increasing population, dwindling resources, environmental degradation, rising food and energy prices. The global energy trilemma challenge – security, affordability and sustainability, needs a nuanced approach especially taking the needs of the global south into consideration.”

The situation in West Asia remains tense as Israel continues to conduct airstrikes in the Hamas-controlled Gaza Strip to avenge the Saturday invasion.

Meanwhile, the possibility of a ground invasion remains high as Israel amasses over 3,00,000 troops near the Gaza border. Local media have reported PM Benjamin Netanyahu informing the US and Egyptian authorities about the possibility of conflict running for months.

Meanwhile, the possibility of a widening conflict remains high as Lebanon-based Hezbollah continues to fire small rockets into Northern Israel, showing solidarity with their “Gazan brothers”.

 ‘Close to achieving 20% ethanol blending’

Puri announced that India will soon achieve its target of 20% ethanol blending, much earlier than the set target. “Very close to achieving 20% ethanol blending, it’s within sight,” Puri said.

The government has set the target of achieving a remarkable 20% ethanol blending program by the year 2025. At present, the petrol available to consumers for use is mixed with only 10% ethanol.

Earlier this year, PM Narendra Modi rolled out 20% ethanol-blended petrol in select gas stations in 11 States and Union Territories (UT). The advantages cited for this move include reduced emissions and fewer foreign exchange-draining imports.

Also Read:Transition to green energy gaining momentum in India, says Hardeep Singh Puri

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Oil fell by over $3 a barrel on Wednesday, as demand fears stemming from macroeconomic headwinds offset pledges by Saudi Arabia and Russia to continue crude output cuts to the end of 2023.

Brent crude oil futures were down $3.30, or 3.63 percent, to $87.62 a barrel at 1456 GMT, while U.S. West Texas Intermediate crude (WTI) fell $3.29, or 3.69 percent, to $85.94.

Brent traded at its lowest since September 1 during the session, with an intraday low of $87.55 a barrel by 1456 GMT. WTI’s intraday low of $85.86 was the lowest since September 5.

U.S. nationwide crude stocks fell by 2.2 million barrels to 414.1 million barrels in the week to September 29, but stocks at Cushing, Oklahoma rose for the first time in eight weeks, according to the EIA.

Gasoline stocks rose by 6.5 million barrels, compared with expectations of a 200,000-barrel rise, according to a Reuters poll.

Oil prices remain under pressure from demand fears driven by macroeconomic headwinds.

“Market attention has shifted from the focus on the short-term tightness to the implications of interest rates staying higher for longer, the subdued macro environment that entails, and how OPEC+ plans to deal with that when it meets on 26th November,” said Investec analyst Callum Macpherson.

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) online meeting on Wednesday kept the group’s output policy unchanged.

Oil markets are heading in the “right direction” by balancing supply and demand, Kuwait’s oil minister Saad Al Barrak said on Wednesday, according to state media agency KUNA.

Saudi Arabia’s energy ministry confirmed on Wednesday it will continue its voluntary 1 million barrel per day (bpd) crude supply cut until the end of this year.

Russia said it will continue its current 300,000 bpd crude export cuts until the end of the year, and will review its voluntary 500,000 bpd output cut, set back in April, in November.

Russian Deputy Prime Minister Alexander Novak said joint voluntary cuts by Russia and Saudi Arabia have helped to balance oil markets.

Novak also welcomed the positive effect that the Kremlin’s diesel and gasoline export ban has had on the domestic market.

Earlier on Wednesday, the daily Kommersant reported that Russia could be ready to ease its diesel ban in coming days, citing unidentified sources.

Meanwhile, growth in the U.S. services sector slowed in September, according to fresh data on Wednesday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Former BP CEO Bob Dudley optimistic about India, cautious on oil prices

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Former BP CEO Bob Dudley has expressed his view that the future path of oil prices will primarily hinge on China’s economic rebound.

During a discussion with CNBC-TV18, Dudley indicated his belief that oil prices are unlikely to exceed their present levels. Moreover, he disclosed his enduring positive outlook on India.

On Wednesday, oil prices experienced a drop in anticipation of an OPEC+ ministerial panel meeting. This decline came as the market assessed the prospects of supply constraints versus concerns over reduced fuel demand due to elevated interest rates.

Brent crude oil futures saw a decrease of 18 cents, equivalent to 0.2 percent, settling at $90.74 per barrel as of 0611 GMT. Concurrently, US West Texas Intermediate crude (WTI) also saw a decline of 20 cents, bringing it to $89.03 per barrel.

In a separate development, Hardeep Singh Puri, India’s Union Minister for Petroleum and Natural Gas, expressed confidence in India’s ability to manage oil prices exceeding $100 per barrel. However, he cautioned that such a situation could result in “organized chaos.”

Below are the excerpts from the interview.

Q: Realistically, what can we expect from COP28 when it comes to our commitment to climate action and financing?

A: For many years, the oil & gas and energy industry were excluded from COP discussions. This year I would expect them to be central- not only oil & gas and energy companies but steel, aluminium, and transportation companies to be part of it- all laying out commitments and programs that we can get action on to reduce emissions.

It isn’t about shutting down oil and gas, it is about harnessing the power of the oil and gas industry to do things like put up satellites. So this is going to be a very different COP.

Q: Oil prices are nearing $100 per barrel, what is your view on where prices could go from here?

A: There are a number of factors here, they have been creeping up and they have been moving up partly because there is a shortage, there is a lack of investment in the oil & gas industry. But a lot of it depends on whether there is slow growth or faster growth in China, as it has a lot to do with the oil prices right now. I think that’s probably the major factor at the moment. Plus the economic activity in the US has picked up and the storage levels of crude oil in the United States is quite low. So I think that’s the short-term impact on the price.

Q: Do you expect prices to go higher from here?

A: It’s hard to say, some people around me are saying, that $100 a barrel is quite possible towards the end of the year. To me, again, it depends on the pace of Chinese growth, which could go either way. So I’m not really expecting them to rise much above where they are today.

Q: What about demand destruction? At $100 a barrel? This is a worry about demand destruction. Is that a concern for you?

A: I don’t have much concern either way with the oil prices, I think there will be some demand destruction, just like there had been for natural gas prices last winter in Europe. But I think the world needs to have its heat, light and mobility, and it needs to have the energy to do that. I’m not so worried about demand destruction, because industrial activity is up in North America and it does seem to be up in China.

Q: Overall, how bullish are you on India? The World Bank has come out with its outlook predicting a 6.3% growth rate for India, they’ve said that India will be one of the fastest growing economies, one of the most resilient economies in the world, your outlook on how India is set to grow from here? How can it play a bigger role in global supply chains?

A: I’ve always been very bullish on the growth prospects for India, not only because of the great dynamism of the people, the demographics, the age, you’ve got young people and a much greater percentage in India than you do in China. You got really smart, energetic people. And I think the world is going to get difficult. So India, finding places that it can play into supply chains in the world, and probably hooking up with big companies to try to be part of their supply chain- in a way India is a neutral nation, in my view, so it’s got a great advantage as well.

Q: Any areas you feel that India should work on to leverage that advantage- the China plus one strategy that many countries are coming up with?

A: I think each of the industries needs to pair and pick their markets and sometimes partnerships with big companies and government policy do allow that to happen. I think those are the things that would just keep it moving really fast. It is in pretty good shape right now I think. It’s not going to be an overnight transition. My view is India knows what it needs to do, and it’s doing it so I don’t have a specific suggestion to jump-start it, just keep doing what you’re doing and maybe do it faster.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow