The oil risk – The Hindu (Jan 27, 2018)

The oil risk – The Hindu (Jan 27, 2018)

As international oil prices head higher, India will have to brace itself for the economic risks of expensive energy. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-2 (To Improve English Vocabulary)

1. expedite (verb) – speed up, accelerate, quicken.
2. brace (verb) – prepare, get ready, gear up (for something difficult or unpleasant).
3. Brent crude (noun) – a classification of crude oil produced from the oil platform in the North Sea.
4. rally (noun) – recovery, upturn, improvement/rebound.
5. Organization of Petroleum Exporting Countries OPEC (noun) – an organization of nations that produce and sell oil and which tries to keep the price of oil at a suitable level.
6. onslaught (noun) – a large number of people; abundance, plethora.
7. shale industry (noun) – an industry of mining and processing of oil shale. shale is a fine-grained sedimentary rock in which natural gas is trapped underground.
8. spurt (noun) – a sudden burst, increase of activity.
9. feel the pinch (phrase) – suffer hardship, suffer adversity.
10. desist from (verb) – stop from, abstain, refrain, hold back.
11. rely on (phrasal verb) – depend on; resort to, bank on.
12. subsidy (noun) – grant/allowance, benefaction; financial assistance/support.
13. rationalise (verb) – streamline, make more efficient, hone/simplify.
14. undue (adjective) – excessive, extreme, immoderate.
15. windfall (noun) – bonanza, a large amount of money received unexpectedly, jackpot.
16. hydrocarbon (noun) – it is an organic compound consisting entirely of hydrogen and carbon which are the main components of petroleum and natural gas.
17. exploration (noun) – investigation, search, inspection (of an area for natural resources).
18. taking a leaf out of the book (phrase) – imitate, copy/reproduce, follow.
19. self-reliance (noun) – self-sufficiency, self-support, self-sustenance.
20. hedge (noun) – protection, shield, guard.

Note:   

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided. 

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.