International prices will not affect oil prices .. !! The government's new plan

-


New Delhi, Ta. 18 July 2020, Saturday

Diesel and petrol prices have been rising steadily for the past few days. In the national capital, Delhi, diesel is being sold at a higher price than petrol. Such a situation is being witnessed in the international market despite the fact that the price of crude oil is in a fixed area. In general, fluctuations in international crude oil prices have had a direct impact on petrol and diesel prices in India.

If crude oil prices rise in the international market for any reason, petrol and diesel prices are likely to rise in India as well. The government has come up with a new plan to deal with this situation. According to Petroleum Minister Dharmendra Pradhan, India is ready to stockpile its crude oil in US strategic petroleum reserves to cope with any supply constraints or price rise.

Talks between India and the US on this issue have come a long way. According to Dharmendra Pradhan, the two countries have signed a memorandum of understanding for cooperation on strategic petroleum storage. The U.S. Strategic Petroleum Reserves have a storage capacity of 714 million barrels of oil. It is the world's largest supply chain for crude oil in times of crisis.

By comparison, India has 53.3 million tonnes (approximately 38 million barrels) of underground storage capacity at three locations. Only 9.5 days' requirement can be met from these reserve centers located in the eastern and western coastal areas. One of the advantages of India's stockpiling in the US is that it can be used when there are high prices in the international market or when there is a supply constraint.

The US is the sixth largest oil supplier to India. Between 2017 and 2019, US oil supplies to India increased 10-fold to 2.5 million barrels per day.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more