crude oil Current Affairs - 2020

India-Angola hold first Joint commission Meet

On September 8, 2020, India and Angola held their first joint commission meeting during which the countries decided to expand their trade and discuss cooperation in health, pharmaceuticals, agriculture, and defence. Highlights The countries during the joint commission meet held discussions on food processing, agriculture, defence, pharmaceuticals, health, digitization and telecom. Angola is not a Read More…

23.4 % decline in Growth Rate of Eight Core Industries in May 2020

Index of the Eight Core Industries for the month of May 2020 was released on 30th June 2020. The index was released by the Office of Economic Affairs (under the Department for Promotion of Industry and Internal Trade). Out of the total items included in the Index of Industrial Production, the Eight Core Industries comprises Read More…

IEA Report: Global Energy Review, 2020

The International Energy Agency recently released Global Energy Review in 2020. The report highlights the global energy demand in 2020 and carbon dioxide emissions. Highlights The report was prepared by collecting data from 30 countries. This includes India and China. Key Findings of the report According to the report, 15% of the daily electricity demand Read More…

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 cuts since 2008 financial crisis. Highlights The major member of OPEC, Saudi Arabia has planned to cut production by 1.5 million barrel a day from April 2020. Read More…

INS Jamuna deployed on Hydrographic Survey off coast Sri Lanka

The Indian Naval Ship (INS) Jamuna has been deployed in the shores of Sri Lanka to carry out a joint Hydrographic survey. The survey is to be conducted for 2 months time period. Highlights India and Sri Lanka together are to carry out Hydrographic survey and also shore based survey activities for a period of Read More…