OPEC Current Affairs, GK & News
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 being held since 2015. Key Highlights During the dialogue, India pressed for assessing COVID-19 induced disruptions of oil supply. India during the meet urged OPEC to address ..
Month: Current Affairs - November, 2020
Category: Events Current Affairs • Important Days & Events Current Affairs
Topics: Oil and gas industry in India • Oil Imports • OPEC
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 defined as the fall in economic activities of the country along with decline in sales, income and employment. India has so far seen four such negative GDP ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
Topics: Balance of Payment crisis • Balance of Payments • Droughts • Economic growth • Energy crisis • GDP • OPEC • Recession
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 Societies Registration Act, 1975. Highlights The main objective of CIPET is to contribute towards growth of plastics. It also focuses on education and research programme. The institute ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: CIPET • OPEC • Organization of the Petroleum Exporting Countries (OPEC) • UNDP • UNIDO • United Nations Development Programme (UNDP)
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 The ministers emphasized on the cooperation in coking sector. They also held talks about signing a Memorandum of Understanding on Coking coal. The Russian minister briefed about ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: coking coal • Hydrocarbons • India-Russia • Memorandum of Understanding (MoU) • national steel policy • OPEC • Organization of the Petroleum Exporting Countries (OPEC) • Steel • video conference
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 amidst lock down all over the world due to COVID-19. Background The Russian Government earlier refuted to sign the deal when Saudi Arabia initiated production cuts. Russian ..
Month: Current Affairs - April, 2020
Category: International Current Affairs
Topics: CAATSA • Energy Sector • G20 • Oil Imports • OPEC • OPEC Country • Russia • Shale gas • US President Donald Trump