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Latest Articles in oil production
Oil Rises On Saudi Oil Production Expectations
The US Federal Resreve's most hawkish policymakers on Thursday said they favoured a rate increase of 75 basis points at its policy meeting this month, not the bigger increase traders had priced in after a report on Wednesday showed inflation was accelerating
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Towards Boosting Domestic Crude Production
In line with a series of liberalisation policies for the upstream sector in recent years, the government, with its latest move of deregulating domestically produced crude oil, aims to give impetus to exploration and production activities in the country and increase the overall hydrocarbon output
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Fuel Prices Cannot Be Controlled Till India Increases Oil Production: Union Minister Rameswar Teli
"About 83 per cent of oil consumed in the country is imported by us. We are dependent on international market, and till we increase our production, its price cannot be controlled," the minister of state for petroleum and natural gas said
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India Ends FY22 With 2.6% Drop In Oil Production
India's crude oil production has been on a decline during the past few years. From 35.7 million tonnes in 2017-18, it fell to 34.2 million tonnes in the following year and 32.2 in 2019-20 and 30.5 million tonnes in 2020-21
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Oil Production Slips In December; Natural Gas On Rise
State-owned Oil and Natural Gas Corporation (ONGC) - India's biggest producer, produced 3 per cent less crude oil at 1.65 million tonnes in December due to delays in mobilising equipment at western offshore fields. Oil India Ltd (OIL) produced 5.4 per cent more crude oil at 2,54,360 tonnes
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India's Oil Production Continues To Slide; Down 2% In November
ONGC produced 3 per cent less crude oil at 1.6 million tonnes in November due to delays in mobilising equipment at western offshore fields
Read MoreLibyan daily oil production tops 1 million barrels
Libyan daily oil production tops 1 million barrels
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UAE Growth Again Positive But Subdued In July - PMI
The UAE's oil-producing Abu Dhabi and tourism and trade-reliant Dubai had instituted coronavirus lockdowns earlier this year, and were also impacted by falling oil prices.
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World Shares End Stellar Quarter But Still Down In 2020
World shares rose 18.7% this quarter, the biggest quarterly gain in 11 years, but are still down more than 7% so far this year due to a slump of 34% between Feb.
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OPEC+ Debates Biggest-Ever Oil Cut, Awaits U.S. Efforts
The oil market has crashed, with prices falling to $34 a barrel from $65 at the beginning of the year, as a result of the coronavirus pandemic.
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