Oil Production | The Asian Age

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A meeting has been scheduled for June 25-26 to discuss the policy, but the group is now considering moving the event to July 3-4.

Oil rises on US-Iran tensions, but trade war concerns weigh

US West Texas Intermediate WTI crude futures were up 26 cents, or 0.4 per cent, at USD 63.36 per barrel.

21 May 2019 11:24 AM

Brent crude was up by 96 cents, or 1.3 per cent, at USD 73.17 a barrel.

Oil surges after OPEC indicates it will maintain output cuts

US West Texas Intermediate crude was 82 cents, 1.3 per cent, higher at USD 63.58 a barrel.

20 May 2019 10:33 AM

WTI was also up for a fourth day and was headed for a weekly gain of 2.7 per cent, the first rise in four weeks.

Oil rises as Middle East tensions mounts, set for weekly gains

Brent crude futures were at USD 73.00 a barrel at 0303 GMT, up 38 cents, or 0.5 per cent.

17 May 2019 9:56 AM

India consumed 211.6 million tonnes of petroleum products in 2018-19, up from 206.2 million tonnes in the previous year.

India's rising oil demand to support investments in refineries: Moody's

The country's dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19.

13 May 2019 2:24 PM

Iran was the fourth-largest producer among the OPEC at almost 3 million barrels per day

Oil near 2019 highs after US ends all Iran sanction exemptions

WTI crude futures hit their highest level since October 2018 at USD 65.95 per barrel before edging back to USD 65.89.

23 Apr 2019 9:54 AM

Brent prices are likely to rise toward USD 86.29 a barrel, the highest price it reached in 2018, while WTI may climb to USD 76.41.

Oil prices soar by about 3 per cent as plans US end to Iran sanction waivers

Brent crude futures rose as much as 3.3 per cent to USD 74.31 a barrel, the highest since November.

22 Apr 2019 10:54 AM

US crude inventories fell by 1.4 million barrels in the week to April 12, compared with analyst expectations for an increase of 1.7 million barrels.

Oil prices extend losses despite surprise drop in US inventories

US West Texas Intermediate (WTI) crude futures were at USD 63.67 per barrel, down 9 cents, or 0.1 per cent.

18 Apr 2019 9:10 AM

US West Texas Intermediate (WTI) crude futures were at USD 63.78 per barrel, up 20 cents, or 0.3 per cent.

Oil prices firm amid OPEC supply cuts, US sanctions on Iran and Venezuela

China and India comprise nearly 55 per cent of global demand growth.

12 Apr 2019 10:27 AM

Brent and WTI crude oil futures have risen by around 40 per cent and 30 per cent respectively since the start of the year.

Oil edges higher amid tightening global supply, gains capped by economic slowdown

US crude stocks rose by 4.1 million barrels in the week to April 5, to 455.8 million barrels.

10 Apr 2019 9:44 AM

OPEC+ pledged to withhold around 1.2 million barrels per day (bpd) of supply this year to prop up markets.

Oil prices set for biggest first-quarter gain since 2009 on US sanctions

Brent crude oil futures were up 30 cents, or 0.4 per cent, at USD 68.12 per barrel.

29 Mar 2019 11:16 AM

US crude oil production has increased by more than 2 million bpd since early 2018, to an unprecedented 12.1 million bpd.

Oil prices slide on economic slowdown, surging US supply

WTI crude oil futures were at USD 56.32 per barrel, down 34 cents, or 0.6 per cent.

08 Mar 2019 10:42 AM

Brent crude futures were at USD 66.36 per barrel, up 37 cents, or 0.6 per cent.

Oil edges up on OPEC cuts, US sanctions against Venezuela and Iran

US crude oil production remained at a record 12.1 million bpd, an increase of more than 2 million bpd since early 2018.

07 Mar 2019 10:54 AM

International Brent crude oil futures were down by 26 cents, or 0.4 percent, at USD 62.43 per barrel.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

07 Feb 2019 10:28 AM

ONGC's onshore crude oil production increased 2 per cent to 6.064 million tonne (MT) for 2017-18 as compared to the previous fiscal. (File Photo)

ONGC frames strategy for higher output growth

The company has seen almost flat growth in crude oil production in the last five years.

16 Nov 2018 5:05 PM

Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October.

Oil prices rise for first time in three days, but trade war drags

Brent crude futures had gained 47 cents, or 0.6 per cent, to $76.38 a barrel by 0441 GMT.

31 Oct 2018 11:38 AM

Brent crude was up 26 cents, 0.3 per cent, at $84.17 a barrel by 0244 GMT.

Oil prices rise on signs that Iranian crude exports fall further

US West Texas Intermediate (WTI) crude futures were down by 24 cents, or 0.3 per cent, at $74.53 a barrel.

09 Oct 2018 10:43 AM

Crude prices continued their meteoric rise as Canada and (the) US updated the NAFTA treaty.

Oil near four-year high as Washington's Iran sanctions loom

Brent has risen by around 20 per cent from the most recent lows in August.

02 Oct 2018 11:11 AM

Brent crude oil futures were trading at $83.24 per barrel at 0228 GMT, up 51 cents, or 0.3 per cent.

Brent crude oil hits four-year high ahead of Iran sanctions

Brent was pushed up by the looming sanctions against Iran, which will start targeting its oil sector from Nov 4.

01 Oct 2018 9:15 AM

United States likely surpassed Russia and Saudi Arabia earlier this year to become the world’s largest crude oil producer.

Oil prices claw back on supply concerns though but demand worries drag

Brent crude was up 8 cents, or 0.1 per cent, at $78.26 a barrel by 0338 GMT, after falling 2 per cent on Thursday.

14 Sep 2018 10:51 AM

Govt approved incentives to attract investments and technology in raising oil and gas production.

Fiscal incentives for projects to improve oil recovery

Conventional oil and gas fields see output decline and recovery rate drop as they age.

13 Sep 2018 10:04 AM

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Shobhaa De