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Oil Production News

The UAE doubles down on Israel and America

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria

Published 77 days ago

Tensions with Saudi, next move: Deep dive into UAE's decision to leave OPEC

After UAE’s exit, OPEC will be left with 11 members.

Updated 78 days ago

Power shifts in West Asia

Oil prices have barely moved after the UAE’s decision. And this is expected, given that the ongoing supply shock originates from a maritime blockade rather than producers withholding production. (Reuters)

Published 79 days ago

UAE's exit from OPEC will increase production, bring down oil prices: Russia

Russian Finance Minister Anton Siluanov's comments marked Russia's first reaction to the surprise UAE exit.

Published 79 days ago

Why Taking Venezuela’s Oil Could Actually Lift Its Fortunes

A motorcyclist rides past a mural that reads in Spanish "Free Maduro and Cilia" in Caracas, Venezuela

Published 189 days ago

Donald Trump’s great Venezuelan oil gamble

President Trump speaking in Florida after the Venezuela incursion.

Updated 193 days ago

Who is 'tsarina' Delcy Rodriguez, the acting pre

Who is 'tsarina' Delcy Rodriguez, the acting pre

Published 193 days ago

World Bank lifts growth forecast for Middle East region, Iran suffers contraction

World Bank lifts growth forecast for Middle East region, Iran suffers contraction

Updated 283 days ago

US rejects Maduro's reelection, but keeps financial lifeline for his government

Venezuelan President Nicolas Maduro talks to high-ranking officers during a military ceremony on his inauguration day for a third term in Caracas, Venezuela, Jan. 10, 2025. (AP Photo/Ariana Cubillos)

Updated 544 days ago

Oil firms evacuating US Gulf of Mexico staff as hurricane threat rises

Oil firms evacuating US Gulf of Mexico staff as hurricane threat rises

Updated 661 days ago

Inside ONGC’s call for foreign companies at Mumbai High

The in-house committee was constituted by ONGC’s director-production on May 16 amid the ongoing general elections, and the tender was floated three days before the poll results were declared.

Updated 757 days ago

ONGC's first oil from 98/2 block goes to MRPL

HT Image

Published 859 days ago

Brazil's Lula, environmentalist... and oil champion

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Published 895 days ago

India begins ‘oil production’ from Krishna-Godavari Deep Water block

Hardeep Singh Puri

Updated 921 days ago

ONGC’s first oil from KG block will boost Aatmanirbhar Bharat mission: PM Modi

Announcing the development, ONGC said: “With commencement of this First Oil on 7 January 2024, ONGC is nearing completion of Phase 2, culminating into commencement of oil production from the ‘M’ field of KG-DWN-98/2.” (Representative image)

Updated 921 days ago

"Remarkable step in India's energy journey": PM Modi after ONGC fired up oil production from flagship deep-water asset

HT Image

Published 921 days ago

Despite climate goals US oil boom shows, ‘World wants for more energy, not less’

FILE PHOTO: Oil pumps are seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Karnes County, Texas, U.S., May 18, 2020. Picture taken May 18, 2020. REUTERS/Jennifer Hiller/File Photo

Published 940 days ago

Wildfires in Canada's Alberta force oil output shutdowns

Canada struggled on Monday to control wildfires that have forced thousands to flee, halted oil production and threaten to raze towns.

Published 1165 days ago

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

People walk by an oil refinery operated by Bharat Petroleum Corp. Ltd., in Mumbai, India.

Published 1192 days ago

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

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.

Published 1932 days ago

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

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.

Published 1933 days ago

India’s biggest oil retailers are focusing on rural revival

A petrol pump employee wearing a face mask while attending to a customer in Trinagar, New Delhi.

Published 1964 days ago

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