Crude oil output falls 0.2% to 6.264 mt during April-May FY2015
India's crude oil production declined for third straight month at 0.3% to 3.16 million tonnes (mt) in May 2014, as per the data released by Ministry of Petroleum and Natural Gas. The crude oil output of private/JV companies increased 3.1% to 1.005 mt, while that of ONGC declined 1.3% to 1.871 mt. ONGC's offshore output rebounded 2.3% to 1.337 mt, but onshore production continued to dip 9.3% to 0.534 mt. The crude oil production of Oil India fell 5.2% to 0.284 mt in May 2014.The crude oil output declined 0.2% to 6.264 mt during April-May FY2015, after 0.2% fall in FY2014 and 0.6% dip recorded in FY2013. Output of ONGC and Oil India declined 2.6% to 3.653 mt and 6.6% to 0.558 mt, while that of private companies improved 6.5% to 2.053 mt in April-May FY2015.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app