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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
OPEC extends oil production cuts to boost price
After long deliberations in Vienna, Austria, the OPEC announced that it will restrict the supply of oil for another nine months in a bid to support prices. The...
