GlobalOilMarket Archives - Universal Group Of Institutions
India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.

*** Admissions are open for 2025-26. Courses offered - PUC (Commerce & Arts), BSc (Environmental Science), BA, B.Com, MA ***

Tag

img
21Feb 2025

Brazil Joins OPEC+, Strengthening Global Oil Market Influence

Why in the news? Brazil has officially joined OPEC+, a coalition of 22 oil-exporting nations, to enhance global oil market stability. This move boosts Brazil’s role in energy policies, impacting oil supply, pricing, and international market dynamics. Brazil’s Entry into OPEC+: Brazil’s government has approved its entry into OPEC+, an alliance of major oil-exporting nations. …

Read More
27Sep 2024

Indian Oil PSUs Struggle for Russian Dividends

Why in the news? The Indian oil companies face difficulties repatriating $900 million in dividends from Russian projects due to Western sanctions, creating challenges in global payment systems and investments. Issue of Stuck Dividends in Russia: Indian oil PSUs (ONGC Videsh, Oil India, IOC, and BPRL) are unable to repatriate $900 million in dividends from …

Read More