Crude Production

The Committee on Public Undertakings noted that project cycles of oil and gas sector projects, ageing fields and past disruptions have contributed to stagnant or declining domestic production despite high capital expenditure.

India’s crude oil production slumps 5.1% in Feb; import bill shoots up

India’s crude oil imports rose by 4.7 percent during February, increasing the reliance on imports to 89.4 percent in the month. The net oil and gas import bill in February rose to $9.7 billion, much higher than import bill of $9.4 billion last year.

Domestic crude oil production falls 3.8% in May from a year earlier: Oil Ministry data

ONGC produced 1.6 MMT crude oil while Oil India Limited (OIL) and private sector producers contributed 0.3 MMT and 0.5 MMT respectively during May 2023.

March crude oil output gets ONGC lift, grows modestly

Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016, an official statement said.

Oil may hover near $50/bbl until OPEC begins Jan output cut: Pro

While crude production agreed to by the OPEC is at the higher end of market expectations, Azlin Ahmad, Editor - Crude Oil at Argus Media believes an immediate price jump is not expected as actual cuts will be implemented only post January.

Oil rises as Kuwaiti oil workers strike cuts output for 3rd day

Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday's failure by oil producers to agree to freeze output levels.

Saudi considers IPO for oil giant Aramco: Report

"That is something that is being reviewed, and we believe a decision will be made over the next few months," Mohammed bin Salman told the London-based publication after the country posted a record budget deficit due to falling oil prices.

JSW Steel's Q1 net loss at RS 220cr on higher forex loss

JSW Steel completed scheme of amalgamation with Ispat Industries during the June quarter and hence numbers of corresponding quarter of FY13 are not comparable.

Iran sanctions bring unintended, unwanted results

Western sanctions have so far failed to deter Iran from pursuing its nuclear programme and their unexpected and unintended side-effects are producing a new collection of challenges.