Global oil prices are falling fast and storages for the oil that is being produced is running out of space. The fall in demand is due to the imposed lockdown caused by the pandemic. Details from the news are important for both prelims and mains.
The oil market has been witnessing a slump in demand due to global economic slowdown and the situation has been aggravated by the ongoing global pandemic. A reduction in demand and increasing supply has resulted in unprecedented reduction of oil prices at global level. [Read More]
Multilateralism is at the lowest. The weakening of the WTO functions were signs of it and the recent attack on WHO is another indicator of the same. Further, the US and China, the 2 global [Read More]
Recently, because of the temporarily suspension of long term visas, Indian citizens whose children are OCI card holders have been unable to travel to India. The news is related to the topic Indian Diaspora of GS II. [Read More]
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