Oil Production

Showing of 1 - 20 from 15 results
Oil Production - Total results - 15
Russia has no objection to earlier OPEC Plus meeting; Saudi Arabia to extend record cuts till year-end: Report
Business

Russia has no objection to earlier OPEC Plus meeting; Saudi Arabia to extend record cuts till year-end: Report

Algeria, which currently holds the presidency of the the Organization of the Petroleum Exporting Countries (OPEC), has proposed the meeting planned for 9-10 June be brought forward to facilitate oil sales for countries such as Saudi Arabia, Iraq and Kuwait.

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement
Business

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement

The coronavirus pandemic has eroded global oil demand even as some governments began to ease lockdowns.

Oil price collapse in US not to lead to any big drop in petrol, diesel prices in India, say experts
Business

Oil price collapse in US not to lead to any big drop in petrol, diesel prices in India, say experts

The historic rout in oil markets that sent US crude prices plummeting to as much as minus $40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on the different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet

Oil prices fall a third day; Brent crude heading for worst week since 1991 as plunging demand from virus outbreak grips market
Business

Oil prices fall a third day; Brent crude heading for worst week since 1991 as plunging demand from virus outbreak grips market

Oil prices were also impacted by record declines in equity markets with Japan’s Nikkei 225 falling by 10 percent on Friday after US markets fell by the most since Black Monday in 1987 on Thursday

Saudi Aramco: From 'Prosperity Well' to energy giant, oil company lands in crisis after persistent attacks; IPO plans suffer setback
Business

Saudi Aramco: From 'Prosperity Well' to energy giant, oil company lands in crisis after persistent attacks; IPO plans suffer setback

From the 1990s, Aramco invested hundreds of billions of dollars in massive expansion projects, raising its oil output capacity to over 12 million bpd, besides making bold international acquisitions and JVs.

OPEC looks to cut oil production to support falling price; key ally Russia likely to agree, say analysts
Business

OPEC looks to cut oil production to support falling price; key ally Russia likely to agree, say analysts

Experts say this week's meeting of the OPEC will influence the price of oil over the coming months.

Vedanta moves Delhi High Court against Centre's notice to OMCs on allocation of oil sale proceeds
Business

Vedanta moves Delhi High Court against Centre's notice to OMCs on allocation of oil sale proceeds

The Delhi High Court on Monday sought response of the Centre on Vedanta Ltd's plea challenging its notice to oil marketing companies (OMCs) not to forward to the company its share of the proceeds from sale of petroleum products

Govt expresses happiness over OPEC decision to raise oil production by 1 million barrels per day
Business

Govt expresses happiness over OPEC decision to raise oil production by 1 million barrels per day

OPEC last week agreed to boost oil production after consumers from the US to India and China expressed anxiety over rising prices

Oil cartel OPEC decides to raise crude production by around 1 million barrels per day from July
Business

Oil cartel OPEC decides to raise crude production by around 1 million barrels per day from July

Oil prices rose as much as 2 percent as OPEC neared a deal to increase output to compensate for losses in production at a time of rising global demand

OPEC's April oil output falls to year low as production in Venezuela declines, says survey
Business

OPEC's April oil output falls to year low as production in Venezuela declines, says survey

OPEC oil output fell in April to a one-year low due to declining production in Venezuela and lower shipments from African producers

Saudi Arabia, Iraq pledge to maintain oil production cuts agreed between OPEC, other nations
India

Saudi Arabia, Iraq pledge to maintain oil production cuts agreed between OPEC, other nations

Saudi Arabia and Iraq have expressed their commitment to abiding by an agreement to cut oil production that was signed between the Organisation of the Petroleum Exporting Countries (OPEC) and 10 other nations, the media reported on Thursday.

Budget 2016: It's not all that great; here are a few missing links in Jaitley's budget
Business

Budget 2016: It's not all that great; here are a few missing links in Jaitley's budget

Very few startups make profits in the first two to three years of their operations.

ONGC oil output jumps 10 percent
Finance

ONGC oil output jumps 10 percent

In turnaround, state-owned ONGC has reported a 10% jump in crude oil production from its western offshore fields this fiscal, reversing the downward slide.

Suicide attack escalates violence as Libya's oil output slips
World

Suicide attack escalates violence as Libya's oil output slips

Libya's oil production has fallen, turning back a hard-won increase since April in revenue just as it faces increased fighting in the capital and across Benghazi.

GDP may rise by 6.5% if India is self-sufficient in oil: PwC
Economy

GDP may rise by 6.5% if India is self-sufficient in oil: PwC

India's GDP is likely to rise by 6.5 percent if the country is self sufficient in crude oil production, PwC India today said in a report.