Governance & Social Justice
- Generic Only Model : Concepts and Concerns
- Consumer Protection Bill 2018 Passed By Lok Sabha
- Global Burden of Disease Report by Lancet
- Adivasis in Chhattisgarh & M.P.
- Menstrual Hygiene for Rural Women
- Global Nutrition Report 2018
- What Is Sextortion Law J&k
- Human Microbiome
- Tele-Robotic Surgery
- Prevention of Malaria’s Side Effects
- Opioid Overdose Crisis
- India To Give Bhutan Rs. 4500 Crore
- IMO’s New Rule for Oil
- G20 Summit 2018
- Geopolitical Importance of Island States
- Strengthening Of Boko Haram
- US China Trade War
- Why India Paying Iran with Rupees?
- Trans Regional Maritime Pact
- Trump’s Syria Withdrawal
- India will Give Maldives $1.4 Billion
- Australia Recognized West Jerusalem As Israeli Capital
- China Taiwan Relations Indepth analysis
- Shahpur Kandi Dam Project Get Approval
- Qatar Exit To OPEC
- Farm Loan Waivers Good or Bad?
- Issues with ultra mega power projects
- Importance of Soybean for Malwa Region
- What is Public Credit Registry ?
- Financial Literacy for Financial Inclusion, Jan Dhan Yojna
- Dharavi Redevelopment Project 2018
- Bogibeel Bridge
- Global Wage Report 2018
- RBI 5th Bi-Monthly Monetary Policy
- Direct Benefit Transfer for Electricity
- Pradhan Mantri Ujjwala Yojana
- National Pension System
- Troubling Power Sector
- Train 18: Fastest Train in Nation
- Oxytocin Ban Removed
Defence & Security
Science & Technology
- Mission Gaganyaan Approved
- Ethanol Blending
- Project Dragon Fly
- Swaminathan Calls GM Crops A Failure
- China’s Change E-4 Mission
- 3D printing in Pharma sector
- Womb Transplant
- Supreme Court On Rafale Deal
- GSAT-7A Launched
- Saturn to Lose Its Rings
- ISRO’s Small Satellite Launch Vehicle
- Bharat Net Project
- Indian Navy gets Submarine Rescue System
- Transgenic Rise with Reduced Arsenic
- Global Hackathon on Artificial Intelligence
- Cheap Hydrogen Production
- NASA’s Insight Spacecraft
- Mission Raksha Gyan Shakti
- Life on Titan (Saturn’s Moon)
- What is COP 24 ?
- What is rat-hole mining
- Structural Reform for Decarbonising India
- Marine Vegetation To Mitigate Ocean Acidification
- Impact of Ocean Warming On Great Southern Reef
- What is Bio-Diversity Offsetting
- Atmospheric Iodine Will Destroy bad Ozone
- UN’S WMO : 2018 4th Hottest Year On Record
- Effects of Drugs Discharge into Yamuna river
Spice of the Month
GS 2 || International Relations || International Organizations || OPEC
Why in news ?
- Qatar has decided to withdraw its membership from Organization of Petroleum Exporting Countries (OPEC) effective from January 2019 to focus on Liquefied Natural Gas production.
What’s the issue?
- The decision to pull out after more than five decades comes at a turbulent time in Gulf politics, with Doha under a boycott by former neighbouring allies including Saudi Arabia for 18 months.
Saudi -Qatar Conflict :
- Saudi Arabia has been leading a regional blockade on Qatar that has seen trade and travel links severed over its alleged support for terrorism.
- OPEC members, Saudi Arabia and the United Arab Emirates, and fellow Arab states Bahrain and Egypt have imposed a political and economic boycott leading to the regional blockade on Qatar since June 2017.
- However, according to Qatar, Saudi led blockade is aimed to impinge on its sovereignty.
Impact Analysis :
- Qatar will continue to produce oil and seek deals in countries including Latin America’s top oil producer Brazil.
- It could signal that smaller producers are dissatisfied with the cartel’s dominance by Saudi Arabia and Russia. So a group of small producers exiting the cartel will decrease OPEC’s influence in the oil market.
Prelims bits : OPEC :
- The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference in 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
- OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.
- According to its statutes, OPEC membership is open to any country that is a substantial exporter of oil and that shares the ideals of the organization.
- Currently, the Organization has a total of 15 Member Countries. The current OPEC members are the following: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, the Republic of the Congo, Saudi Arabia, United Arab Emirates, and Venezuela.
- Ecuador suspended its membership in December 1992 but rejoined OPEC in October 2007.
- Indonesia suspended its membership in January 2009, reactivated it again in January 2016, but decided to suspend its membership once more in November 2016.
- Gabon terminated its membership in January 1995. However, it rejoined the Organization in July 2016.
- OPEC has its headquarter in Vienna, Austria