Page-2 of crude oil
Key Facts on Oil Bonds
The government issues oil bonds to compensate the oil marketing companies (OMCs) to offset the losses that are suffered by them with the aim of shielding consumers from rising crude oil prices. These bonds were issued by the government mainly ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024
Milestone in India’s Export
India’s exports crossed the USD 400 billion mark in a fiscal year. This is the first time India’s export has reached such heights. Overview: This milestone has been achieved due to good performance by various sectors such as engineering, petroleum ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024
Index of Eight Core Industries
In January 2022, compared to the same time period last year, the growth rate of eight core industries stood at 3.7 percent. The Ministry of Commerce announced this. Overview: The core industries growth rate was 11.6 percent for the nine-month ..
Month: Current Affairs - March, 2022
Category: India Nation & States Current Affairs
Govt. approves two more new Strategic Oil Reserves
In accordance with the second phase of the Strategic Petroleum Reserve (SPR) programme, the government approved the establishment of two additional commercial and strategic underground storage facilities at Chandikhol (4 MMT) and Padur (2.5 MMT) with a total capacity storage ..
Month: Current Affairs - July, 2021
Crude oil output of India drops
The Ministry of Petroleum and Natural Gas recently released its data for the fiscal year 2020-21. According to the data, crude oil production of India fell to 30.5 million tonnes. It was 32.17 million tonnes in 2019-20. Key Highlights The ..
Month: Current Affairs - April, 2021
India-Qatar Energy Task Force
India and Qatar are to establish a task force on energy. The task force will be represented by a senior officer from petroleum Ministry of India and the vice president of Qatar petroleum. The task force is to identify projects ..