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Latest Articles in oil production

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

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Libyan 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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