India Crude Oil

India's crude oil production falls 1% in April on account of lower output

India's crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday.

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India on its way to becoming global energy superpower: Hardeep Singh Puri

"Global energy superpower means we will set the pace for global consumption, becoming a significant producer by way of exploration and production of different sources of energy," he added

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Indian Oil buys 3 million barrels Russian Urals crude via tender: Report

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India's crude oil production drops 2.4% in January to 2,511 TMT

India's crude oil production fell to 2,511.66 thousand metric tonnes (TMT) in January 2022, which is 2.40 per cent lower than the output registered during the same month last year and 6.04 per cent lower than the official target for the month, the government data showed on Wednesday.Cumulative crude oil production during the April-January period of the current financial year stood at 24890.07 TMT, which is 2.61 per cent lower than the output registered during the corresponding period of 2020-21, according to data released by the Ministry of Petroleum & Natural Gas.The cumulative output for the April-January 2021-22 is 4.63 per cent lower than the official target for the period.Crude oil production by ONGC (Oil and Natural Gas Corporation) in the nomination block during January 2022 was 1662.79 TMT, which is 3.68 per cent lower than the target of the month and 3.09 per cent lower when compared with production of January 2021.Cumulative crude oil production by ONGC during ...

India's January crude oil imports slip from one-year highs

India's crude oil imports in January fell from one-year highs hit in the previous month, though fuel demand is expected to recover as several states ease Covid restrictions after a decline in cases.

India September crude imports hit 5-mth high as business activity picks up

"Indian refiners see crude demand roaring back as driving picks up and on expectations for a strong return of international travel in November.

Saudi Arabia committed to meet India's crude oil requirement: Saudi envoy

Saudi Arabia, the world's largest oil exporter, on Sunday said it is committed to meet India's requirements of petroleum products

India's crude imports stall in April as coronavirus stifles demand

Crude oil imports in April were at 18.26 million tonnes, although on a yearly basis they rose about 10.3%, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday

India's crude oil production slips 5% in November: Government data

This was primarily due to a sharp drop in output at Rajasthan oilfields operated by private sector Cairn Vedanta

A look at the likely changes in US-India energy ties as Biden takes charge

India's position as the third largest importer of US crude is more a political statement of friendship between New Delhi and Washington DC, and comes at a cost

Vedanta's Cairn Oil & Gas gets 3-month extension for Rajasthan oil block

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India's crude, gas consumption up but output fell in last 10 years: Report

India is second biggest growth driver of primary energy consumption in the world, behind China.

Covid-19 impact: India crude oil production plummets 5.5% in March

The cumulative crude oil production during 2019-20 was 32.1 million tonne, 5.95 per cent lower than production of 34.2 mt during the corresponding period of last year

One rupee: The interim price at which MCX settled April crude oil contract

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Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

Modi invites Saudi investment, says India to spend $100 bn on energy infra

The world's third-largest energy consumer is 83 per cent dependent on imports to meet its oil needs and about half its gas needs are shipped from abroad