Page-2 of Topic: crude oil
India Signs MoU to Develop Strategic Petroleum Reserve in US
The Petroleum Minister, Dharmendra Pradhan has signed a memorandum of understanding with the Energy Secretary of the US in order to start cooperation on strategic petroleum reserve. India...
Iran drops off India from Chabahar Rail Project
On July 14, 2020, the Iranian Government announced that it is to move ahead with construction of rail line from Chabahar port to Zahedan on its own. According...
IEA Report: Global Energy Review, 2020
The International Energy Agency recently released Global Energy Review in 2020. The report highlights the global energy demand in 2020 and carbon dioxide emissions. Highlights The report was...
Negative Oil Prices
The near term contracts from USA’s crude oil traded negative for the first time. A barrel was priced at minus 38 USD. Negative Prices A commodity can be...
Corona Virus: OPEC to cut oil production largely since 2008 financial crisis
On March 5, 2020, the world’s largest oil production nations of OPEC (Organization of Petroleum Exporting Countries) have planned to cut production. This is the deepest oil production...
INS Jamuna deployed on Hydrographic Survey off coast Sri Lanka
The Indian Naval Ship (INS) Jamuna has been deployed in the shores of Sri Lanka to carry out a joint Hydrographic survey. The survey is to be conducted...
IOC signs MoU with Russia’s Rosneft for crude oil imports
Indian Oil and Gas company, the Indian Oil Corporation recently signed an MoU with Russian energy firm, Rosneft for importing Crude Oil from Russia. The crude oil purchase agreement...
IEA launches India’s Energy Policy Report
On January 10, 2020, the International Energy Agency (IEA) launched India’s Energy Policy Report. The report insisted that India should adopt its think tank NITI Aayog’s National Energy...
Growth of eight core sectors slows to 2.1% in July 2019
According to official data released by Government, Growth of eight core industries (Index of Eight Core Industries) dropped to 2.1% in July 2019. It was mainly due to...
PM Modi awarded UAE’s Highest Civilian Award
Indian Prime Minister Narendra Modi was honored with the Order of Zayed which is the highest civilian award of the United Arab Emirates. He was awarded by the...
ONGC’s Energy Strategy 2040
India’s foremost Oil and Gas Exploration & Production (E&P) PSU, the Oil and Natural Gas Cooperation has set its target to double the oil and gas production from...
