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oil production news

The UAE doubles down on Israel and America

PREMIUM
The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria
Published on May 02, 2026 06:59 pm IST

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 on May 02, 2026 06:59 pm IST

Power shifts in West Asia

PREMIUM
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 on Apr 29, 2026 09:22 pm IST

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 on Apr 29, 2026 04:45 pm IST

Why Taking Venezuela’s Oil Could Actually Lift Its Fortunes

PREMIUM
A motorcyclist rides past a mural that reads in Spanish "Free Maduro and Cilia" in Caracas, Venezuela
Published on Jan 09, 2026 12:32 pm IST

Donald Trump’s great Venezuelan oil gamble

PREMIUM
President Trump speaking in Florida after the Venezuela incursion.
Updated on Jan 05, 2026 10:40 am IST

Who is 'tsarina' Delcy Rodriguez, the acting pre

Who is 'tsarina' Delcy Rodriguez, the acting pre
Published on Jan 05, 2026 04:49 am IST

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 on Oct 07, 2025 11:31 am IST

What to know as a new CEO takes over at Nigeria's state oil firm NNPC

What to know as a new CEO takes over at Nigeria's state oil firm NNPC
Updated on Oct 06, 2025 02:21 pm IST

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 on Jan 19, 2025 02:39 pm IST

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 on Sept 24, 2024 05:22 am IST

Texas energy industry assesses damage after Hurricane Beryl batters Gulf coast

Texas energy industry assesses damage after Hurricane Beryl batters Gulf coast
Published on Jul 09, 2024 02:59 am IST

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 on Jun 20, 2024 01:41 pm IST

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

HT Image
Published on Mar 10, 2024 12:16 pm IST

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

HT Image
Published on Feb 03, 2024 07:00 am IST

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

Hardeep Singh Puri
Updated on Jan 08, 2024 08:37 pm IST

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 on Jan 08, 2024 12:18 pm IST

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 on Dec 20, 2023 11:10 pm IST

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 on May 09, 2023 05:44 am IST

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 on Apr 12, 2023 08:57 am IST

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 on Apr 02, 2021 06:42 pm IST

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 on Apr 01, 2021 10:36 pm IST

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 on Mar 01, 2021 03:30 pm IST

India’s evolving energy diplomacy | HT Editorial

India today can absorb somewhat higher global oil prices, and shift focus on attracting the massive investments needed for its natural gas and renewable energy plans
Updated on Dec 09, 2020 06:42 am IST

Oil prices rise as storms cut US production

An oil worker walks towards a drill rig after placing ground-monitoring equipment in the vicinity of the underground horizontal drill in Loving County, Texas.
Published on Aug 25, 2020 12:03 am IST

Oil slips below $39 after US crude stockpiles expand to record

Global production cuts and the easing of lockdowns in some countries has pushed prices higher after oil plunged below zero in April.
Published on Jun 11, 2020 11:29 am IST

To counter the Covid-19 pandemic, bring more poor into the LPG net

With uncertainty all around us, ensuring free LPG takes at least one important burden off people’s plates
Updated on May 06, 2020 06:50 am IST

There is an oil deal. But India need not worry| HT Editorial

Even if the pandemic comes to a grinding halt, the future of oil prices remains bleak
Published on Apr 14, 2020 06:29 pm IST

Oil surges again after Trump threatens Iraq sanctions

Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel
Updated on Jan 06, 2020 05:30 pm IST