oil production


Latest from oil production

Wildfires in Canada's Alberta force oil output shutdowns

Canada wildfires: Alberta declared a state of emergency on Saturday in response to wildfires that have displaced nearly 30,000 people.

Canada struggled on Monday to control wildfires that have forced thousands to flee, halted oil production and threaten to raze towns. (AFP)
Published on May 09, 2023 05:44 AM IST
Reuters |

Morning brief: Saudi, Russia plan to cut oil production. Will it impact India?

Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.

People walk by an oil refinery operated by Bharat Petroleum Corp. Ltd., in Mumbai, India.(Bloomberg)
Published on Apr 12, 2023 08:57 AM IST

India says ‘we expect more’ as OPEC+ agrees to ease oil output cuts slightly

The OPEC+ group has agreed to ease oil output by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June, and a further 400,000 bpd or so in July.

The OPEC oil cartel and allied countries said Thursday, April 1, 2021 that they have decided to add gradually back some 2 million barrels per barrel per day of oil production from May to July.(AP File Photo)
Published on Apr 02, 2021 06:42 PM IST
By | Written by Kanishka Sarkar, Hindustan Times, New Delhi

OPEC+ agrees oil output rise from May, after US call to Saudi

Under Thursday's deal, cuts implemented by the OPEC+ would be just above 6.5 million bpd from May, compared with slightly below 7 million bpd in April.

Brent crude, which slipped on news of the deal, was still trading above $63 a barrel, still more than 20% up on the start of the year. (Reuters file photo)
Published on Apr 01, 2021 10:36 PM IST
Reuters | , London, Dubai, Moscow

India’s biggest oil retailers are focusing on rural revival

The increasing economic importance of India’s hinterlands is influencing business expansion plans and accelerating a trend of more service stations being opened in the countryside.

A petrol pump employee wearing a face mask while attending to a customer in Trinagar, New Delhi.(Sanchit Khanna/HT File Photo)
Published on Mar 01, 2021 03:30 PM IST
Bloomberg |
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