UPSC Current Affairs: Jan 5-11, 2026 - Key Facts
Essential UPSC current affairs for Jan 5-11, 2026: UN's 2026 economic forecast, Spice Routes Conference, National Sports Governance Act, and more. Test your knowledge with MCQs.
Category : Search result: OPEC meeting
Rebello's Citizens' Movement Plans Goa Meetings on Jan 14-15
Former Allahabad HC Chief Justice Ferdino Rebello's non-political movement will hold public meetings in Mapusa & Margao on Jan 14 & 15 to discuss a 10-point charter for Goa. Join the citizens' platform.
UPSC Quiz: OPEC, Eurozone, Nobel Prize Rules & Current Affairs
Ace your UPSC Prelims 2026 preparation with this essential International Relations quiz. Test your knowledge on OPEC, Eurozone, Nobel Prize rules, and ongoing global conflicts. Revise key static and current topics now!
Iraq, Saudi Arabia Cut Oil Prices for Asian Market
Iraq reduces Basrah Medium crude price for Asian buyers in February, mirroring Saudi Arabia's move amid global oversupply concerns. Key details on OPEC dynamics and market outlook.
US Venezuela Oil Grab Disrupts OPEC, Global Market Balance
President Trump's plan to control Venezuela's oil output could reshape global markets, pressure prices, and challenge OPEC's influence. Read analysis on the geopolitical and economic fallout.
Trump's Venezuela Oil Gamble: A $100B Revival Challenge
After Maduro's arrest, Trump eyes U.S. oil firms' return to Venezuela. But with a history of nationalization & decay, can the world's largest reserves be revived? Analysis.
Trump's Venezuela Oil Move: A 40-Year Plan in Action
President Trump's audacious move to control Venezuelan oil stems from a 1980s fixation. We analyse the risks for US producers, global policy, and his inflation fight ahead of midterms.
SDPI National Council to Meet in Mangaluru This Weekend
The Social Democratic Party of India (SDPI) will hold its crucial National Council meeting in Mangaluru on January 20-21. The gathering will strategize for upcoming elections and address key national issues. Read more.
Venezuela Oil Revival May Prolong Lower Global Prices
JP Morgan reports Venezuela's potential oil production surge after its presidential election could sustain lower global crude prices. Discover the market implications.
Oil falls on Venezuela supply hopes, Brent at $61.62
Oil prices declined as markets anticipate increased Venezuelan crude output post-US action. Analysts see potential for 500,000 bpd rise, but global demand and OPEC remain key. Read for price outlook.
World's Largest Oil Reserves 2025: OPEC Dominates
Venezuela holds the world's largest proven oil reserves in 2025. See where Saudi Arabia, Canada, Iran, and India rank in the global list. Key insights from OPEC's latest data.
HPCC Chief Summons New District Presidents for Key Meeting
Himachal Pradesh Congress Committee President Pratibha Singh calls a strategic meeting with newly appointed district presidents on June 28 in Shimla to discuss party strategy and upcoming elections.
Geopolitical Shocks Fail to Move Oil Prices in 2026
Crude oil prices fell for a third consecutive year despite turmoil in Venezuela and Iran. Discover how fracking and sanctions created a new, oversupplied market that reshapes global energy dynamics. Read the full analysis.
Venezuela Crisis 2026: Limited Oil Price Shock Explained
Analysis reveals why the US military action in Venezuela and Maduro's capture caused only a muted oil price reaction. Key insights for Gulf producers and global energy markets in 2026.
Venezuela, Iran Actions May Worsen 2026 Oil Glut
Geopolitical shifts in Venezuela and Iran could add to a projected 1.5-2 million barrel per day oil surplus in 2026, pressuring crude prices. Analysts warn scarcity fears are fading.
Oil Market to Absorb Maduro Shock Amid Record Supplies
Despite the dramatic capture of Venezuela's Maduro, analysts predict minimal oil price impact due to a record global supply surplus. Key facilities remain operational. Read the full analysis.
Oil Steady at $61 as Supply Surplus Offsets OPEC Risks
Oil markets opened 2026 cautiously as a forecast 3.8 million barrel daily surplus counters Middle East tensions. Key OPEC meeting set for Jan 4. Read the full analysis.
Jaishankar Holds Talks with Pakistan's NA Speaker in Dhaka
External Affairs Minister S. Jaishankar met Pakistan National Assembly Speaker Ayaz Sadiq in Dhaka on Dec 31, 2025. A significant diplomatic encounter amid frozen bilateral ties. Read the full details.
Clean Energy Metals Surge, Fossil Fuel Prices Slump in 2025
Record prices for silver and copper signal strong demand for electrification, while fossil fuel output booms lead to inventory pile-ups and price crashes. The energy transition is accelerating.
Oil Set for Deepest Annual Loss Since Pandemic, Down 20%
Crude oil prices are on track for their steepest annual decline since 2020, with a 20% drop this year. Key factors include a looming surplus, OPEC's upcoming meeting, and geopolitical tensions. Read the full analysis.
India's Oil Import Bill Falls 12% as Crude Prices Dip
India's oil import bill fell 12% to $80.9 billion in Apr-Nov FY26 despite higher volumes, as global crude prices averaged $67.6/barrel. Net oil & gas imports also declined over 12%. Read the full analysis.
Putin Holds Urgent Army Meet Post-Trump Talks
Russian President Vladimir Putin held an urgent meeting with top military officials following discussions with US President Donald Trump. The talks focused on the escalating conflict and Russia's strategic response. Read the full analysis.
Analysts: Crude Oil Under Pressure Until 2026 Due to Oversupply
Global crude oil prices are projected to remain subdued through 2026, with a structural oversupply outweighing geopolitical tensions. Analysts cite rising non-OPEC+ production and slowing demand growth. Read the full analysis.
Oil Gains on Ukraine Talks Deadlock, China's Fiscal Pledge
Oil prices tick higher as US-led Ukraine peace talks stall and China pledges fiscal support for 2026. Brent crude above $61. Analysis and market impact for Indian investors.
Zelenskyy to Meet Trump in Florida for Peace Talks Push
Ukrainian President Volodymyr Zelenskyy is set to meet Donald Trump in Florida this Sunday. The crucial meeting aims to push for peace talks and discuss US support. Read the full details.
Oil Gains on Venezuela Blockade, Nigeria Strike
Crude oil heads for its biggest weekly gain since October, driven by US actions against Venezuela's oil shipments and a military strike in Nigeria. WTI holds above $58. Read the full analysis.
Nitin Nabin meets President Murmu, Venkaiah Naidu
BJP leader Nitin Nabin held courtesy meetings with President Droupadi Murmu and former Vice President M Venkaiah Naidu on December 25. Read about the discussions and the inspiration drawn from these constitutional stalwarts.
UAE's Overproduction Threatens OPEC's Future
The UAE is reportedly flouting OPEC+ quotas, producing up to 3.4 million barrels daily. This internal conflict could unravel the 65-year-old oil cartel. Read the full analysis.
Ludhiana MC House meets Dec 26 after 7-month gap
Ludhiana's Municipal Corporation general house meets on December 26 after a 7-month hiatus. Opposition councillors raise objections over last-minute agenda circulation and pending resolutions. Read the full story.
Saudi Arabia Slashes Oil Price to Asia to 5-Year Low
Saudi Arabia cuts January 2026 crude oil price to Asia to a five-year low as OPEC+ raises output and supply surplus looms. Details on market impact and Chinese demand.
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