India’s crude oil output fell 1.8 per cent in 2008-09 to 33.5 million tonnes as the nation’s leading producer Oil and Natural Gas Corporation recorded more than two per cent dip in its output. For full story, click here
Articles Tagged "output"
Crude oil output growth from deepwater areas may stagnate due to current oil prices make it unprofitable to tap new deposits and large discoveries dwindle. For full story, click here
Cameroon’s oil output is expected to stabilise at 84,000 barrels a day for the next two years then rise a little in 2011 when six fields are put into production, a senior official at the state-owned oil company. Simon Tamfu, exploration manager at the state-owned National Hydrocarbons Corporation, stated: Production will stabilise at this level [...]
Crude oil output from Russia is expected to boast modest gains in 2009 despite earlier forecasts of a dip in the industry. For full story, click here
Recent dismal economic data and growing U.S. inventories kept oil prices below $50 a barrel Friday despite hopes of a possible second-half recovery in crude demand. Benchmark crude for May delivery fell 40 cents to $49.58 a barrel by Noon in European electronic trading on the New York Mercantile Exchange. The contract on Thursday rose 73 cents to settle at $49.98.
Kuwait’s Oil Minister Sheikh Ahmad Abdullah al-Sabah announced that the current oil price is satisfactory and that it was premature to say if OPEC needed to cut output at its next meeting. For full story, click here
Oil rebounded from yesterday’s losses as gains in equity markets signaled that industrial output around the world may be restoring, drawing investors back to commodities such as crude. Robin Bieber, director of PVM Oil Associates Ltd., stated: At the moment oil is closely linked to activity in the stock market. For full story, click here
India may see the beginning of production from two major oil & gas fields next month. For full story, click here
Mexican crude oil output and exports fell in February from the previous month as state oil monopoly Pemex worked to stem declining output at its aging Cantarell field. For full story, click here
The Centre for Monitoring Indian Economy reported that crude oil output is likely to climb by 4.8 per cent touching 36.14 million tonnes in the next fiscal, riding on the back of oil production by Reliance Industries from its KG D6 wells coupled with capacity addition by other private and joint venture firms. For full [...]