Aug 24, 2019-Saturday

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Saturday, Aug 24, 2019
news about Oil production
Apr 03, 2019 08:54
Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed. read more
Jan 28, 2019 15:22
Oil prices fell 1 percent on Monday after US companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown. read more
Dec 07, 2018 22:15
In November 2016, OPEC countries, along with Russia, decided to reduce their crude oil production by around 1.5 million barrels per day (mbd). read more
Dec 06, 2018 16:51
OPEC members are meeting to agree on their response to recent declines in oil prices, with analysts predicting a cut in production of at least 1 million barrels per day. read more
Dec 02, 2018 13:37
At the meeting, the Oil Ministry made a presentation showing that 149 smaller fields of Oil and Natural Gas Corp (ONGC), Oil India Ltd (OIL) and other explorers accounted for just 5 per cent of the domestic crude oil production. read more
Nov 23, 2018 19:31
Oil production has surged this year. The International Energy Agency expects non-OPEC output alone to rise by 2.3 million bpd this year. Oil demand next year, meanwhile, is expected to grow by 1.3 million bpd. read more
Oct 15, 2018 17:03
Though there is enough oil production, the unique features of marketing in the oil sector have pushed up the oil prices, says Prime Minister Narendra Modi. read more
Jul 03, 2018 21:08
Saudi Arabia, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. read more
Jul 03, 2018 19:17
Washington has said it wants to pressure Iran to change its behaviour by taking away all revenue Tehran generates from crude sales, part of the confrontational approach adopted by President Donald Trump, who pulled out of the historic nuclear pact in... read more
Jul 03, 2018 17:57
The US pulled out of the Iran nuclear deal in May and initially said it wanted allies to stop buying Iranian crude entirely. The State Department said Monday it would examine waivers on a “case-by-case basis” as it re-imposes sanctions. read more
Jun 22, 2018 18:23
The preliminary accord allows for an additional 600,000 barrels a day of oil to flow onto the market, about 0.5% of global supply, according to a delegate at the OPEC meet in Vienna. That reflects a 1 million barrel-a-day adjustment on paper to the production... read more
Jun 22, 2018 14:15
The Joint Ministerial Monitoring Committee, which includes Russia and Saudi Arabia, recommended a supply boost despite the Iranian oil minister walking out of the meeting. read more
Jun 14, 2018 10:41
Taking care of your hair doesn’t always involve an elaborate ritual. Sometimes, all you need is to master a few basic dos and dont’s. Here they are. read more
Jun 11, 2018 16:38
Oil is near a two-month low after Saudi Arabia and Russia indicated they’re ready to restore production in the second half of this year to offset potential supply disruptions in Iran and Venezuela. read more
Apr 11, 2018 18:36
Step to quicken award of licences for bids due on May 2. read more