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What Affects the Crude Oil Prices: An Overview In the early days, finding oil during a drill was considered somewhat of a nuisance as the intended treasures were normally water or salt. It wasn't until 1857 that the first commercial oil well was drilled in Romania. The U.S. petroleum industry was born two years later with an intentional drilling in Titusville. ​While much of the early demand for oil was for kerosene and oil lamps, it wasn't until 1901 that the first commercial well capable of mass production was drilled at a site known as Spindletop in southeastern Texas. This site produced more than 10,000 barrels of oil per day, more than all the other oil-producing wells in the U.S. combined. Many would argue that the modern oil era was born that day in 1901, as oil was soon to replace coal as the world's primary fuel source. Crude oil plays a major role in any country’s economy and lives of its citizens in general. It not only supplies the fuel for your car ...

E-Commerce Ecosystem in India - Part 2 Continuing from where we left off in the last session , here I will take you through the most commonly used terms in an E-Commerce setup, the Key Drivers of the rise and expansion of companies in this domain and what are the major challenges faced by them on a day to day basis. E-Commerce Glossary : 1.        Average Order Value – Total Sales Revenue/Total Number of Orders Taken 2.        Bounce Rate - The percentage of people who visit one page on your website and leave without clicking on anything. 3.        Gross Merchandise Value (GMV) – GMV is the total value of merchandise sold over a given period of time through a C2C exchange site. This is calculated prior to the deduction of any fees or expense. 4.        Call-To-Action - An advertising and marketing concept where you give an instruction to your t...

Energy Security – Propelling India into an Economic Super power of the future "Energy is a key driver of economic growth. Sustainable, stable and reasonably priced energy is essential for the fruits of economic development to reach the bottom of the pyramid.” India’s Prime Minister presented a carefully crafted outlook for the Indian Energy Sector with these opening lines at the Petrotech Conference. India is today the world’s fastest growing large economy. This growth has been well complemented by a series of policy measures taken by the Government. While the global economy is expected to grow at an average rate of 3.4% per year, India is expected to grow at over 6% every year till 2040. The world population is also expected to expand from 7.4 billion today to more than 9 billion in 2040 accelerated by a spectacular growth in the urbanization process which is adding a city the size of Shanghai to the world’s urban population every four months. This growth will cr...

                                                          E-Commerce Ecosystem The Indian e-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second largest e-commerce market in the world by 2034. India’s e-commerce industry is expected to grow from US$ 38.5 billion as of 2017 to US$ 200 billion by 2026. India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by e-commerce. Much growth of the industry has been triggered by increasing internet and smartphone penetration. Internet penetration in India grew from just 4 percent in 2007 to 34.08 percent in 2016, registering a direct increase of 89 percent in 2016 over 2007. The number of internet users in India is expected to increase at a CAGR of 15.6...

5 Days to CMAT 2018 This exam is a ray of hope for a lot of candidates since all the colleges which accept CMAT Scores also consider CAT and XAT and there is a high probability that you are here because due to some reason you didnt have a very good CAT or XAT. We at  BQuest  will help you to make the best of the next 5 days to boost your CMAT Score. Summary Total Number of Questions - 100 Total Marks - 400 99 Percentile Score - 220 Approximately 99.99 Percentile Score - 260-280 Total Duration - 180 Minutes Sectional Cut-offs - None Type of Questions No. of Questions Maximum Marks Quantitative Techniques & Data Interpretation 25 100 Logical Reasoning 25 100 Language Comprehension 25 100 General Awareness 25 100 Which Section to focus in the last 7 days? Since most of you would have taken either of CAT or XAT we can safely assume you have had a fair amount of practise for QA, VA and LR and since al...