Petroleum politics Current Affairs, GK & News

India becomes most favoured destination for energy investments

Union Minister Dharmendra Pradhan said, India is among the top 10 FDI destinations in the world while addressing the investors in Abu Dhabi on 12 Nov at the roadshow organized by the Directorate General of Hydrocarbons (DGH) to promote India as a favorable investment destination in the oil and gas sector . India presently being ..

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Yellow Vests Protests in France

The Yellow vests protestors have brought France to standstill. France is facing its worst civil unrest in 50 years. Who are these Yellow Vest protestors? The protestors are referred as Yellow Vests because they don the “gilets jaunes” (yellow vests), which the French drivers are required to carry in their cars. This is said to be ..

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Oil prices hike by 5 percent

Oil prices have increased more than 5 percent after the OPEC and non-OPEC producers came together to put curbs on oil production and ease global saturation. The step is being seen as the first joint action between oil producing nations after 2001 after two years of low prices of oil which had put the budgets ..

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Oil prices rise as OPEC agrees on output cuts

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut 1.2 million barrels of oil a day from its output to 32.5 million barrels beginning from January. This has lead to a surge in the global oil prices. This is the first such cut made by OPEC in the last eight years. OPEC plays ..

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Iran becomes top oil supplier to India

According to the shipping data, Iran overtook Saudi Arabia to become India’s top oil supplier in October. Generally, Iran used to be the second biggest oil supplier of India. But with Western sanctions over its nuclear development, its position was occupied by Iraq. Now, with the lifting of sanctions in January, India’s imports from Iran ..

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