Oil Production | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 01:26 AM IST

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Brent crude futures were at $65.85 per barrel, down 36 cents, or 0.5 per cent.

Oil prices fall as increased US drilling points to higher output

US crude oil production has risen by more than a fifth since mid-2016, to 10.38 million barrels per day.

19 Mar 2018 10:21 AM

US crude touched $59.05 a barrel on Friday, the highest level since mid-2015, fuelled by the outage of the Keystone pipeline.

Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

Brent futures had fallen to $63.65 a barrel down 19 cents, or 0.3 per cent, from their previous close.

28 Nov 2017 11:25 AM

Indian refiners processed a record 5.2 million barrels per day of oil in October, government data showed. (File Photo)

Indian refiners processed record oil volume in October

India, which imports about 80 percent of its oil needs, has emerged as a key driver of growth in global oil demand.

24 Nov 2017 8:50 AM

Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016.

March crude oil output gets ONGC lift, grows modestly

Oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

25 Apr 2017 10:23 AM

OPEC is an umbrella organisation for oil producing countries.

Global oil supplies up, but OPEC abides by output cut: IEA

In November last year, OPEC countries had agreed to cut output by 1.2 bpd from January 1.

15 Mar 2017 3:44 PM

Oil imports rise by 165 per cent and account for 56 per cent of the increase in imports.

India's oil consumption to race past world's

Oil consumption will rise beom 4.1 million barrels per day in 2015 to 9.2 million bpd in 2035.

26 Jan 2017 2:22 PM

Such levels were last seen in February 2015, when Riyadh began to steeply raise production to deal a blow to US shale oil producers.

Saudi Arabia slashes oil output to near 2 year low

The kingdom has slashed its production more than its promised cut.

13 Jan 2017 5:26 AM

Nearly dozen other countries pledged an additional 558,000-barrel cut in oil output.

OPEC 'confident' countries to meet oil output cuts

Crude oil sold for over $100 a barrel in summer of 2014, before bottoming out below $30 a barrel in Jan 2016.

12 Jan 2017 2:25 PM

Brent crude oil prices LCOc1 were trading up 31 cents, or 0.55 per cent, at $57.13 a barrel.

Oil prices rise as markets eye on production cuts

Non-OPEC member Russia's oil production in December remained unchanged at 11.21 million bpd.

03 Jan 2017 8:17 AM

The Ratna and R-series oil fields hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.

ONGC to start producing oil from R-Series in 2019

ONGC had discovered the fields and created facilities in Ratna R-12, which is part of R&RS, at a cost of Rs 472.55 crore.

05 Dec 2016 12:56 PM

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Dilip Cherian