Thursday, May 23, 2024 | Last Update : 06:23 AM IST

oil production Page-3

Oil rises on Iran sanctions, lower US fuel inventories

US commercial crude inventories fell by 2.6 million barrels in the week to August 24, to 405.79 million barrels.

30 Aug 2018 1:49 PM

Oil stable as US-China trade row weighs, Iran sanctions cut supply outlook

OPEC member Iran has exported around 2.5 million barrels per day of crude oil so far this year.

27 Aug 2018 9:17 AM

Oil prices rise on Iran sanctions, but US-China row mutes trading

Brent crude oil futures LCOc1 were at $75.07 per barrel at 0424 GMT, up 34 cents, or 0.5 per cent.

24 Aug 2018 10:39 AM

Vedanta to invest USD 2.3 billion in 'near term' on oil and gas

Vedanta aims to increase production from the current 2,00,000 barrels of oil equivalent per day to 3,00,000 bpd.

19 Aug 2018 3:34 PM

Oil prices inch up on Saudi output cut, but slowing economic growth drags

Brent crude oil futures LCOc1 were at $72.81 per barrel at 0515 GMT, up 20 cents, or 0.3 per cent.

14 Aug 2018 12:00 PM


Oil edges lower as supply concerns return

Oil prices tanked earlier this week when US govt reported that US inventories rose 3.8 mn barrels in prior week.

03 Aug 2018 9:10 AM

Oil extends decline after biggest monthly slump in two years

Brent fell more than 6 per cent in July, while US crude futures slumped about 7 per cent.

01 Aug 2018 9:33 AM

Oil prices drop on oversupply concerns as OPEC output increased in July

OPEC hiked production by 70,000 barrels per day (bpd) to 32.64 million bpd, the most this year.

31 Jul 2018 10:22 AM

India loaded 12 pc less Iranian oil in June than in May

Indian refiners bought around 6,64,000 barrels per day (bpd) of Iranian oil in June.

31 Jul 2018 8:22 AM

Oil climbs after Saudi Arabia suspends shipments through Red Sea lane

Brent crude futures had risen 47 cents, or 0.6 per cent, to $74.40 a barrel, after gaining 0.7 per cent.

26 Jul 2018 10:05 AM


Oil prices drop amid surprise jump in US stockpiles

Brent futures were down 31 cents, or 0.4 per cent, at $71.85 a barrel by 0240 GMT.

18 Jul 2018 9:16 AM

US oil prices inch up on fall in local crude stockpiles

US West Texas Intermediate crude CLc1 was up 10 cents, or 0.2 per cent, at $65.62 a barrel.

06 Jun 2018 8:43 AM

Arab oil ministers stress need for continued OPEC, non-OPEC cooperation

Russia and several other producers agreed to cut output by about 1.8 million barrels per day.

04 Jun 2018 8:59 AM

OVL FY18 net profit up 29 per cent on higher oil production

Consolidated net profit in 2017-18 fiscal at Rs 981 crore was 29.6 per cent higher than Rs 757 crore.

24 May 2018 12:53 PM

Oil shines, shares rattled as Trump dumps Iran nuclear deal

Iran produces about 3.8 million barrels per day (bpd), or about 4.0 per cent of the world’s oil supplies.

09 May 2018 8:33 AM


Oil prices fall on rising US crude inventories, record production

Brent crude oil futures LCOc1 were at $73.04 per barrel, down 32 cents, or 0.4 per cent, from their last close.

03 May 2018 8:48 AM

Oil near late-2014 highs as Saudi pushes for higher prices

Oil prices have the potential to rise another 15 per cent over the remainder of 2018.

19 Apr 2018 9:57 AM

Govt tweaks production sharing contracts mid-way, oil and gas reform hit

Companies put investments worth billions of dollars on hold.

16 Apr 2018 8:40 AM

Oil prices seesaw as US trade dispute with China rattles market

US WTI crude futures CLc1 were at $63.26 a barrel at 0031 GMT, down 16 cents, or 0.3 per cent.

10 Apr 2018 8:39 AM

Indian Oil plans USD 22 billion expansion over five years

IOC processed a record 1.38 million bpd crude at its directly owned plants in 2017-18.

02 Apr 2018 9:20 AM