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 countries
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.
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.
China Pledges Friendship to LAC Countries, Says Spokesperson
Chinese Foreign Ministry Spokesperson Lin Jian reaffirms China's commitment as a 'good friend and partner' to Latin American and Caribbean nations, addressing cooperation and global issues. Read the full statement.
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.
UPSC Daily Quiz: International Relations MCQs for Prelims 2026
Ace your UPSC Prelims 2026 prep with this essential International Relations quiz. Test your knowledge on the United Nations, Baltic Sea geography, UNESCO initiatives, and strategic minerals. Revise key static topics now!
2026 Travel: 8 Visa-Free Destinations for Indians
Planning a hassle-free international trip in 2026? Discover 8 countries where Indian passport holders can travel visa-free, including entry rules, flight costs, and best times to visit. Start planning your adventure now!
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.
US Bans Adoptions from 39 Countries Under New Travel Rules
The Trump administration's expanded travel ban now suspends all adoption visas from 39 nations, including Nigeria and Haiti. Experts call it a major, underreported shift in policy. Read the full list and implications.
US Travel Ban Now Covers 39 Countries: Key Details
The Trump administration's expanded travel ban affects nationals from 39 countries. Learn about the new list, rules for Green Card holders, and crucial advice from immigration attorneys.
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.
US Travel Ban Expands to 39 Countries Effective 2026
The Trump administration's expanded US travel ban is now active, restricting entry for citizens from 39 countries. Get the full list of nations under full and partial bans and understand the new visa rules.
US Travel Ban for 39 Countries, Higher Visa Fees from 2026
The US expands its travel ban list to 39 countries and hikes key immigration fees effective January 1, 2026. Check the full list of nations and new charges here.
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.
Top 5 Gold Mining Countries in 2024
Gold prices hit record highs in 2024. Discover the top 5 gold-producing nations shaping global supply, from China to the US. Read the full analysis.
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.
Telangana's Economy Nears Middle-Income Country Status
Telangana's per capita income is set to hit $5,000, surpassing nations like Pakistan and Nepal. Driven by GCCs and steady growth, the state's economy is reshaping its global standing. Explore 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.
IShowSpeed's 28-Day Africa Tour Kicks Off
Popular streamer IShowSpeed begins a 28-day IRL tour across 20 African nations, live-streaming on YouTube & Twitch. The ambitious 'Speed Does Africa' project started Dec 29, 2025.
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.
Top 8 Winter Wonderlands: Best Decorated Countries
Discover the 8 most beautifully decorated countries for winter holidays. From Germany's markets to Japan's illuminations, plan your magical escape now!
Top 10 Countries with Most Snake Species
Discover the top 10 countries with the highest number of snake species. Mexico leads with 438 species, while India ranks 4th with 305. Explore the ecological importance of these misunderstood reptiles.
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