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 [Read More]
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]
Relevance: The global oil prices fell below zero due to fall in demand during the Great Lockdown caused by the COVID-19 pandemic. The oil prices have fallen so low that theoritically the seller would have [Read More]
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]
The editorial highlights the challenges to global economy amid the ongoing COVID-19 pandemic. The editorial is important for both prelims and mains. Click to read the article
This article explains in detail how the tussle between Saudi Arabia and the United Arab emirates led to fall in oil prices. This news is related to the topic Effect of policies and politics of [Read More]
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