As fuel demands are falling and global margins for refining are weak the Indian refiners are reducing crude processing and shutting units for maintenance. The article highlights the drop in demand in oil due to the COVID-19 lockdown as the reason for such measures by these companies. The low demand is also expected in the coming month till the festive season starts. Details from the news are important for both prelims and mains.
The article gives a highlight to the recent debacle between the BCI and SCBA. The BCI has clearly surpassed its jurisdiction by reinstating the former secretary of SCBA. Details from the news is important for [Read More]
This editorial discuss about the recent fall GDP numbers. This news is related to the topic Indian economy of GS 3. Click here to read this article
Oil prices have plunged to a record low in the last 22 years. There is a huge gap between the demand and supply and storage facilities are reaching their limits. The buildup of the stockpiles [Read More]
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