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.
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.
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.
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.”
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.
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.
February 07, 2020 9:36 am
The OPEC+ group pumps more than 40 per cent of the world's oil.
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.
November 29, 2014 2:03 am
Sandeep Singh explains how the Indian economy stands to gain.
November 13, 2013 3:42 am
Profits fell as it shelled out 7.5 per cent more fuel subsidy at Rs 2,233.70 crore in the quarter under review.