Current Affairs

GK MCQs Section

Topic: OPEC

India at ADIPEC Conference

ADIPEC conference is being held in Abu Dhabi, from November 15 to November 18, 2021. Highlights World’s biggest oil & gas companies and several OPEC+ energy ministers are...

November 17, 2021

India-OPEC Energy Dialogue held virtually

On November 5, 2020, the fourth high level meeting of India-OPEC Energy Dialogue was held virtually. India was represented by the Oil Minister Dharmendra Pradhan. The dialogue is...

November 6, 2020

COVID-19: Fifth Recession of India

Since Independence in 1947, India has faced four recessions. According to Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980. Highlights Recession is...

June 16, 2020

CIPET renamed as Central Institute of Petrochemicals Engineering and Technology

The Central Institute of Plastics Engineering and Technology has now been renamed as Central Institute of Petrochemicals, Engineering and Technology. The name change was registered under Tamil Nadu...

May 29, 2020

India Russia to sign MoU on Coking Coal

On May 7, 2020, Indian Petroleum Minister Shri Dharmendra Pradhan and Russian Energy Minister alexander Novak held a meeting through video conference. The ministers reviewed ongoing projects. Highlights...

May 8, 2020

OPEC and Russia approve biggest Oil Cuts

The Organization of Petroleum Exporting Countries (OPEC) and Russia have come together to cut oil output by 10%. This is being done to control the falling oil prices...

April 13, 2020

Oil Prices plunge by 20% as OPEC fails to make a deal

On March 9, 2020, the prices of crude oil plunged by 20% after OPEC to failed to make a deal in making production cuts. Highlights The Saudi Arabia...

March 9, 2020

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...

March 6, 2020

OPEC cuts production to 500,000 barrels per day

On December 6, 2019, the Organization of Petroleum Exporting Countries reached a deal deepening their output cuts. They have set the target as 500,000 barrels a day. The...

December 7, 2019

Ecuador to withdraw from OPEC in January 2020

Ecuador will withdraw from 14-nation Organization of the Petroleum Exporting Countries (OPEC) from 1 January 2020. The country stated its internal fiscal problems as the reason for the...

October 3, 2019

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