Crude Oil Production: News, Photos, Latest News Headlines about Crude Oil Production

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Covid hit: Crude oil and natural gas production fall in Jan

February 20, 2021 4:59 am

Crude production in January was 8 per cent below the production target for the month at 2572.7 thousand metric tonnes (TMT) and 4.6 per cent lower than output of 2,696.8 TMT in the year-ago period.

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Congress says India’s crude production fell in last six years

February 20, 2021 8:32 am

Referring to the PM’s statement, Randeep Surjewala the domestic production of crude oil had fallen by as much as 53.66 lakh metric tonnes in the last six years.

Oil drops over $1 on oversupply after OPEC+ delays meeting

April 06, 2020 9:55 am

Brent crude slipped close to $30 a barrel in early trade and was at $32.82 by 0203 GMT, down $1.29, or 3.8%. West Texas Intermediate (WTI) crude fell $1.66, or 5.9%, to $26.68 a barrel, after earlier touching a low of $25.28.

OPEC+ to hold virtual meeting Monday as Trump pushes for cut

April 03, 2020 1:53 pm

The guest list is crucial as Saudi Arabia has made clear it will only cut production if others, including the US, shoulder some of the burden. Saudi Arabia called for the meeting, saying it should aim for a “fair agreement.”

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India's oil production in February dips 6.4 per cent on lower private sector output

March 25, 2020 6:39 pm

Crude oil production at 2.39 million tonnes in February was 6.41 per cent lower than 2.56 million tonnes output in the same month a year back, according to official data released by the oil ministry here.

Oil rises after Russia supports possible supply cuts as coronavirus spreads

February 07, 2020 10:03 am

Brent crude futures rose 34 cents, or 0.6 per cent, to $55.27 a barrel by 0250, but were heading for a fifth weekly loss amid lingering fears over the impact of the virus.

Russia backs OPEC+ proposal to cut oil output: Foreign Minister Lavrov

February 07, 2020 9:36 am

The OPEC+ group pumps more than 40 per cent of the world's oil.

Oil hits 2-week high as Saudi Arabia to keep output well below cap

February 26, 2018 9:49 am

US energy companies last week added one oil rig, the fifth weekly increase in a row, bringing the total count up to 799, the highest level since April 2015, Baker Hughes energy services firm said on Friday.