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Organization of the Petroleum Exporting Countries (OPEC) Current Affairs, GK & News 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 Corona Virus: US Federal Reserve reduces interest rate to 0% On February 16, 2020, the United States Reserve Bank announced that the key interest rates are to be slashed to 0% to 0.25%. This is being done in response to growing impact of Corona Virus. Highlights This is the second emergency cut by the reserve bank in less than two weeks. Similar rate cuts were .. Month: Current Affairs - March, 2020 Category: International / World Current Affairs Topics: Corona virus • COVID-19 • Economic growth • GDP • Global Economy • Global Economy Watch • Organization of the Petroleum Exporting Countries (OPEC) 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. Month: Current Affairs - March, 2020 Category: Economy & Banking Current Affairs - 2022 Topics: Corona virus • crude oil • Oil and Gas • OPEC • Organization of the Petroleum Exporting Countries (OPEC) • Russia 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 action is being implemented in order to eliminate surplus and bolster crude prices Current Scenario In 2019, the organization had agreed to reduce production by about 1.2 .. Month: Current Affairs - December, 2019 Category: Economy & Banking Current Affairs - 2022 Topics: Crude oil Imports • Energy • International Energy Agency • Oil Imports • OPEC • Organization of the Petroleum Exporting Countries (OPEC) • Saudi Arabia Saudi Arabia's King Abdullah bin Abdulaziz passes away Saudi Arabia’s King Abdullah bin Abdulaziz has passed away. He was 93-year old patriarch. Abdullah’s brother Salman bin Abdulaziz Al Saud is his successor and new King of Saudi Arabia. Salman in turn, has named his half-brother Muqrin as the new crown prince and his heir. Earlier, king Salman was the Crown Prince and defence .. Month: Current Affairs - January, 2015 Topics: Abdullah bin Abdulaziz • Current Affairs 2016 • Organization of the Petroleum Exporting Countries (OPEC) • Salman bin Abdulaziz Al Saud • Saudi Arabia
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असोज १९, लन्डन (बेलायत) । अन्तरराष्ट्रिय बजारमा कच्चा तेलको भाउ बढेर तीन वर्ष यताकै उच्च स्तरमा उक्लिएको छ । तेल निर्यातकर्ता देशहरुको संगठन (ओपेक) र समूह बाहिरका रुसलगायत अन्य प्रमुख उत्पादकहरुको समूह अर्थात् ओपेक प्लसले तेलको उत्पादन वृद्धिको योजना यथावत् रहने घोषणा गरेपछि अन्तरराष्ट्रिय बजारमा मंगलवार तेलको भाउ बढेको हो । विद्यमान दैनिक ५८ लाख ब्यारेलको उत्पादन कटौती हटाउँदै लैजान कम्तिमा सन् २०२२ को अप्रिलसम्ममा हरेक महीना तेलको उत्पादन दैनिक ४ लाख ब्यारेलका दरले बढाउँदै लैजानेमा गत जुलाईमा ओपेक प्लसले सहमति गरेका थिए । मंगलवार यो समाचार तयार पार्दाखेरि नेपाली समयअनुसार साँझ ६ : ४१ बजे लन्डनस्थित आईसीई एक्सचेञ्जमा ब्रेन्ट क्रुडको भाउ प्रतिब्यारेल १ दशमलव ५ प्रतिशतले बढेर ८३ डलर ११ सेन्टमा पुगेको थियो । सोही समयमा न्यूयोर्क मर्कन्टाइल एक्सचेञ्जको कोमेक्स डिभिजनमा पनि वेष्ट टेक्सस इन्टरमिडियट (डब्ल्यूटीआई) को भाउ पनि १ दशमलव २७ प्रतिशतको वृद्धिसहित प्रतिब्यारेल ७८ डलर ५९ सेन्टमा पुगेको थियो । सोमवार ब्रेन्ट क्रुड र डब्ल्यूटीआई दुबैको भाउ क्रमशः २ दशमलव ५ प्रतिशत र २ दशमलव ३ प्रतिशत बढेका थिए । यस वर्षको अहिलेसम्मको अवधिमा तेलको भाउ ५० प्रतिशतभन्दा धेरैले बढिसकेको छ । एजेन्सी