International Energy Agency IEA

Autonomous intergovernmental organisation u nder the framework of OECD
Only OECD members can become members of IEA. However there are exceptions (Chile, Iceland, Israel, Latvia, Slovenia)
HQ: Paris, France
To promote energy security among its member countries through collective response to physical disruptions in oil supply, and to provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy
Four focus areas - Energy Security, Economic Development, Environmental Awareness, Engagement Worldwide
IEA member countries are required to maintain total oil stock levels equivalent to at least 90 days of the previous year's net imports
India, China are associated members to IEA
World Energy Outlook and Key World Energy Statistics.
International Energy Agency-Ocean Energy Systems Collaboration Programme IEA-OES

India will be joining this AMFTCP as a member to get sound scientific information and technology assessments to make informed decision making about using advanced fuels.

International Energy Forum IEF

It is an inter-governmental arrangement set up in 1991
HQ: Riyadh, Saudi Arabia
It serves as a neutral facilitator of informal, open, informed and continuing global energy dialogue among its members comprising of energy producing and energy consuming states, including transit countries.
Its membership accounts for 90% of global supply and demand for oil and gas
India is a member country [Also permanent member of Executive Board]
Apr 2018, IEF Ministerial meeting (biennial) held at New Delhi

International Renewable Energy Agency IRENA

Intergovernmental organisation that supports countries in their transition to a sustainable energy future
A platform for international coope ration, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy
HQ: Abu Dhabi, UAE
India, China members
Supports Global Geothermal Alliance GGA

International Atomic Energy Agency IAEA

World's central intergovernmental forum for scientific and technical co-operation in the nuclear field
HQ: Vienna, Austria

Also known as "Atoms for peace organisation"

It works with its Member States and multiple partners worldwide to promote the safe, secure and peaceful use of nuclear technologies.
Not under UN but associates with UN
India is a member
North Korea has withdrawn its candidature from IAEA
IAEA developed a Program of Action for Cancer Therapy (PACT) which responds to the needs of developing countries to establish, to improve, or to expand radiotherapy treatment programs
Red Book

Recognized world reference on uranium
Jointly prepared by the Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA),
It provides analyses and information from 49 uranium producing and consuming countries.

IAEA will run the bank independently of any country, will purchase and store low enriched uranium fuel for civilian reactors but not an ingredient for nuclear weapons.
A Member State which needs to purchase LEU from the IAEA LEU Bank must have a comprehensive safeguards agreement with the IAEA in force and no issues relating to safeguards implementation.
It will help countries to obtain fuel without domestic enrichment facilities and discourage new nations from enriching nuclear fuel

intergovernmental agency that facilitates co-operation among countries with advanced nuclear technology infrastructures to seek excellence in nuclear safety, technology, science, environment and law.
Specialized agency within the OECD
HQ: Paris
Red Book is jointly prepared by Nuclear Energy Agency, International Atomic Energy Agency

CERN is based in Geneva on the French-Swiss border.
It is the world largest nuclear and particle physics laboratory
It has 22 member states and four associate member states and other associate members transitioning to full member status.
India joined as associate member to CERN

23-11-16 India joined as an associate member of the European Organisation for Nuclear Research (CERN),
It allows Indian companies to bid for lucrative engineering contracts and Indians can apply for staff positions at the organisation
Associate membership would cost India approximately Rs. 78 crore annually
Still, India don’t have voting rights

International organization that promotes nuclear power and supports the companies that comprise the global nuclear industry
Headquarters: London

It is a non-advocacy, non-political organisation with charitable status in the U.K. and has accreditation as a Non-Governmental Organization from the United Nations.
The WPC is dedicated to the promotion of sustainable management and use of world‘s petrol um resources for the benefit of all.
World Petroleum Congress

Headquarters: Vienna, Austria
OPEC is a permanent Inter governmental organisations of 14 oil-exporting developing nations

Venezuela, Ecuador, Algeria, Libya, Nigeria, Equatorial Guinea, Gabon, Angola, Iraq, Iran, Saudi Arabia, Kuwait, UAE, Qatar

OPEC

NOTE: OPEC Plus

The non-OPEC countries which export crude oil are termed as OPEC plus countries.
OPEC plus countries include Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan and Sudan.

coordinate and unify the petroleum policies of its Member Countries and
ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers,
a steady income to producers and
a fair return on capital for those investing in the petroleum industry.

It is the extra charge being collected by OPEC countries from Asian countries when selling oil

3 important benchmarks in global market, representing the cost of oil produced in respective geographies.

Often, OPEC and Non-OPEC petroleum producing countries not coming to an agreement leading to increased/decreased production and hence volatility of oil prices

New York Mercantile Exchange designates petroleum with less than 0.42% sulfur as sweet and that containing higher levels of sulfur is called sour crude oil.
The term sweet originates from the fact that a low level of sulfur provides the oil with a mildly sweet taste and pleasant smell

Fuel prices in India is a function of crude oil prices and rupee-dollar parity