On 8th March 2022, President of U.S. Joe Biden imposed an immediate ban on oil and gas energy imports from Russia, by signing an executive order. About the ban The ban on oil imports is in support of the Ukrainian ..
Category: International / World Current Affairs
The Ministry of Commerce and Industry recently released the monthly goods export report of the country. According to the report, in December 2021, India exported 37.29 billion USD of goods. Key Findings of the report The export demand for goods ..
Category: Economy & Banking Current Affairs - 2024
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 ..
The United States has become the second biggest oil suppliers of India by overtaking Saudi Arabia. This shift comes after the refiners boosted cheaper U.S. crude purchases to a record levels in order to offset the OPEC+ supply cuts. Key ..
The Oil and Natural Gas Corporation recently began oil production from Ashokenagar-1 well located in the Bengal Basin. With this Bengal Basin becomes the eighth oil producing basin in India. The other oil producing basins of India are located in ..
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 ..