you are here: HomeNewsBusiness

Crude oil production drops 3% in May

ONGC produced 1.84 million tonnes of crude oil in May as compared to 1.93 million tonnes in the same period last year, an official statement said here.

June 21, 2018 / 08:50 PM IST
Saudi Arabia, the second largest producer of crude oil to world, faced an attack on its oil infrastructure facilities on September 14, which caused a sharp increase in fuel prices. Do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Note: All price comparisons are on rupee terms only. Global rates as of September, 16 2019 - Image: Reuters)

Saudi Arabia, the second largest producer of crude oil to world, faced an attack on its oil infrastructure facilities on September 14, which caused a sharp increase in fuel prices. Do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Note: All price comparisons are on rupee terms only. Global rates as of September, 16 2019 - Image: Reuters)

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

India's crude oil production dropped 3 percent to just over 3 million tonnes in May on the back of dip in output from fields operated by state-owned Oil and Natural Gas Corp (ONGC).

ONGC produced 1.84 million tonnes of crude oil in May as compared to 1.93 million tonnes in the same period last year, an official statement said here.

The firm's output in April-May dipped 4.3 percent to 3.62 million tonnes. This resulted to a drop in the country's oil production to 5.9 million tonnes from 6.03 million tonnes in April-May of 2017.

Natural gas output dropped 1.4 percent to 2,768 billion cubic meters in May as private sector firms like Reliance Industries produced less.

Oil refineries, however, produced 6.8 per cent more fuel at 22.24 million tonnes in May with private sector units of Reliance and Nayara Energy operating at over 100 percent capacity, the statement added.

Close
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
PTI
first published: Jun 21, 2018 08:39 pm

stay updated

Get Daily News on your Browser
Sections