Crude Oil Production

US sanctions: Venezuela open to barter trade with India to boost oil sales; terms American action as financial persecution

Venezuela buys a slew of products including medicines from India, and it is looking for alternative payment mechanisms after application of the latest stringent US sanctions.

Budget wishlist: Stable fiscal regime in oil & natural gas needed to attract investments

For India’s energy security, it is critical that we incentivise investment in the entire value chain of oil and gas sector including pipelines, CGD network and LNG.

Core sector growth drops to 4.6% in May

The growth rate of eight infrastructure sectors slowed to 4.6 percent in May due to poor performance of crude oil, natural gas and fertiliser. Growth rate of infrastructure also slowed down to 4.2 percent.