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CRUDE OIL PRODUCTION NEWS
House panel urges Petroleum ministry to maintain 90-day crude oil stock
March 18, 2026 1:53 am
The 31-member committee led by Raigad MP Sunil Dattatray Tatkare (NCP) has 21 Lok Sabha MPs and 10 from the Rajya Sabha as members.
Subdued crude prices help lower India’s oil import bill in Sep-Nov even as volumes rise
December 26, 2024 8:31 am
A downward pressure on international oil prices, and consequently on India’s oil import bill, is a positive for the country due to its extremely high dependence on oil imports.
Crude imports fall amid refinery shutdowns and West Asia tension
November 03, 2024 8:06 am
Going forward, industry watchers expect oil imports to rebound in November as all Indian refiners would be fully back on stream amid robust demand and expectations of relatively limited oil price volatility in the international market.
Top 10 largest oil-producing and consuming countries — Know where India stands
December 30, 2024 8:29 am
Top 10 largest Oil Producing and Consuming countries: India is the world's third-largest oil consumer, utilising around 5.05 million barrels per day and accounting for 5% of the global share, according to the EIA.
Russian oil import at 8-month low in October as discount falls, OPEC share up
December 27, 2023 8:19 am
According to an analysis of India’s official trade data by The Indian Express, Russia’s share in India’s oil imports (by volume) in October was 31.9 per cent, down from 34.8 per cent in September.
Oil prices rise on supply deficit concerns
September 19, 2023 10:06 am
Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the US spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia.
Under scanner for Russia crude transport, Gatik distances itself from fleet
June 17, 2023 8:12 am
According to latest information available on international shipping database Equasis, Gatik is now listed as the commercial manager of just four tankers.
Alumina exports to Russia surge as others avoid sale to Moscow
May 11, 2023 6:06 am
From nil, India exports 2.58 lakh tonnes in 11 months; Russia 3rd largest buyer
Oil steadies as tighter supply balances growth concerns
April 10, 2023 2:10 pm
Brent crude slipped 3 cents to $85.09 a barrel by 0816 GMT, while U.S. West Texas Intermediate crude gained 8 cents to $80.78.
OPEC+ answers Biden’s diplomacy with ‘minuscule’ output hike
August 04, 2022 12:55 pm
The cartel will add only 100,000 barrels a day of oil in September, giving a tight market extra supplies at a much slower pace than in recent months despite pressure from the White House to help cool prices.
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