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Why in the news? Crude oil prices steadied after a rise in U.S. gasoline stockpiles and the postponement of an OPEC+ meeting, highlighting the alliance’s critical role in stabilizing global energy markets and influencing international economic trends. Overview of OPEC and OPEC+ : OPEC+ is a coalition of 22 oil-exporting countries formed in 2016 to …
Read MoreWhy in the news? Tamil Nadu’s new 2024 policy on repowering ageing wind turbines has faced opposition from wind energy generators, who argue it lacks financial incentives and field support for effective implementation. About Wind Energy Capacity and Potential in India: India has a substantial wind energy potential of 1,163.86 GW at 150 metres above …
Read MoreWhy in the news? The International Energy Agency’s World Energy Outlook 2024 report highlights India as having the highest anticipated energy demand growth globally, with significant projections for electricity generation, vehicle increase, and coal utilisation, reflecting India’s expanding energy needs. About World Energy Outlook 2024: Release: The World Energy Outlook 2024 report, published by the …
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