Page 11 - Oil Production

Crude oil prices drop amid faltering demand outlook in China

Brent crude was down 58 cents, or 0.8%, at $70.01 a barrel by 0943 GMT. US oil fell by 64 cents, or 0.9%, to $67.80. Both contracts dropped by more than $1 earlier in the session

Oil holds above $70 despite forecasts for weaker demand growth

Brent crude was down 18 cents, or 0.2per cent, at US$71.13 a barrel by 1332 GMT. US crude lost 14 cents, or 0.2per cent, to trade at US$68.95. Over the week the benchmarks are up less than 1per cent

Crude oil prices steady as IEA warns of slowdown in demand recovery

Brent crude futures was down 26 cents, or 0.36%, at $71.18 a barrel by 11212 GMT, after earlier rising to a session-high of $71.90.

Crude oil prices slip, rebound runs out of steam on demand worries

Brent crude oil futures shed 5 cents, or 0.1%, to $72.84 a barrel, as of 0309 GMT. US West Texas Intermediate (WTI) crude was down 8 cents, or 0.1%, at $71.18 a barrel.

Hindustan Oil set to turn a discovered small field success story

The company is expected to start production from the block during the third quarter of the current financial year

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

India takes up high oil prices with OPEC, producers, demands low rate

India has taken up the issue of high oil prices with producer nations and OPEC, demanding affordable rates, Minister of State for Petroleum and Natural Gas Rameswar Teli told the Lok Sabha on Monday.

Crude set for worst week since March on OPEC+ anxiety, shows data

Futures in New York fell 0.6 per cent toward $71 a barrel after closing at the lowest in a month on Thursday

ONGC's existential problem: India's exploration conglomerate running empty

India's dependence on imported oil and gas is rising steadily but the country's premier exploration conglomerate is running on empty

Oil slips after hitting 2018 high with market poised to tighten

Futures in New York traded near $75 a barrel after rising 1.6% on Tuesday

Oil prices fall in volatile trade as investors seek OPEC+ clarity

Oil prices fell more than $1 a barrel on Wednesday in another seesaw trading session, as investors feared what this week's collapse in Opec+ talks meant for worldwide production

UAE rebuffs plan by OPEC, allies to extend production pact

UAE on Sunday pushed back against a plan by the OPEC oil cartel and allied producing countries to extend the global pact to cut oil production beyond April 2022 revealing country's frustration

Why PM's goal on raising oil and gas production will be unattained in 2022

Modi aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence

Oil prices climb with Opec+ signalling more gradual supply hike

Futures in New York rose as much as 3.7 per cent on Thursday to the highest intraday level since 2018

Oil steadies near three-year highs on recovery signs

NEW YORK (Reuters) -Oil prices steadied on Thursday, holding close to their highest levels in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity.

India presses OPEC for affordable oil, phasing out of production cuts

As a result, OPEC's share in India's oil imports has dropped to about 60 per cent in May from 74 per cent in the previous month

Opec+ discusses crude output hike in preparation for next meeting

Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter

Oil in dangerous waters

Data for the financial year 2020-21 revealed that domestic oil production fell again by 5% to 30.5 mn tonnes. This is the lowest in this century

Oil steady after sharp rise on improved fuel demand picture

Brent crude futures were up 16 cents, or 0.22%, at $71.51 a barrel by 1244 GMT after touching their highest since September 2019 at $71.99. The international benchmark had gained 1.6% on Wednesday

OPEC wins, the West loses

Judges, investors force oil firms towards low-carbon future