Tag: crude oil
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India will hold crude oil reserves in the US
(Juhi Aishwary, Journalist): A hallmark of the growing strategic relationship between India and the United States was seen at the strategic energy partnership meeting of the two countries on Friday. During the meeting, much talk went ahead on the proposal to set up strategic oil reserves for India in the US. India imports 84 percent of its…
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COVID-19 to heavily weigh on the OIL INDUSTRY?
(Pooja Pal; Intern Journalist): INTRODUCTION: Oil ought to be one of the major commodities in terms of utmost importance in the world. Petroleum extracted from oil forms a crucial energy source for vehicles, planes, heating, asphalt, and electricity. Besides being a crucial energy source, petroleum is put to use for plastics, paints, chemicals, tape, etc.…
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Impact of Diminishing grease prices betwixt
(Pooja Pal, Intern Journalist): The US itself is groaning under the emphasis of its acknowledge oil. Shale producers, who have, for the former five days pass by rings around fixed grease producers like Saudi Arabia, are facing unmatched invention cuts, storage space superfluity, and deafening demand. Overlook the sub-zero grease consequences (futures) shock that upended…