Page 11 - Oil Production
Centre's ambitious oil & gas output target hits environment hurdle
Several assets under the discovered small fields rounds (DSF I & II) and open acreage licensing policy (OALP) are facing hurdles in getting clearances from environment departments
 "Centre's ambitious oil & gas output target hits environment hurdle")
Oil edges further above $65 a barrel on US, China trade deal, supply cuts
Brent crude rose 29 cents to $65.63 a barrel by 1305 GMT, while US West Texas Intermediate crude added 18 cents to $60.39
 "Oil edges further above $65 a barrel on US, China trade deal, supply cuts")
Citizenship Act stir: Oil production down 75%, gas output halted in Assam
The PSU major Indian Oil Corporation said vehicle fuel and LPG supply in Tinsukia, Dibrugarh, Sivasagar, Golaghat and Jorhat districts in upper Assam have been severely affected.
 "Citizenship Act stir: Oil production down 75%, gas output halted in Assam")
OPEC+ faces 'major challenge' from competitors' surging output: IEA
"The OPEC+ countries face a major challenge in 2020 as demand for their crude is expected to fall sharply," the Paris-based agency said in a monthly report
 "OPEC+ faces 'major challenge' from competitors' surging output: IEA")
Oil gains as market awaits signals on US-China trade talk progress
Trump said on Saturday that talks with China were moving along "very nicely"
 "Oil gains as market awaits signals on US-China trade talk progress")
Petrol, diesel prices may come down as oil supply woes have subsided
India's diversified crude and product basket was one reason that helped India in avoiding the Saudi Aramco crisis.
 "Petrol, diesel prices may come down as oil supply woes have subsided")
Saudi drone attack: Where are we a week on and what happens next?
The attack could affect flows of both crude oil and refined products, as Saudi Arabia cuts deliveries to its own processing plants
 "Saudi drone attack: Where are we a week on and what happens next?")
Rising US oil output to outpace slow global demand in next 9 months: IEA
IEA also flagged weakness in European manufacturing and slower growth in Indian energy consumption
 "Rising US oil output to outpace slow global demand in next 9 months: IEA")
Damper for private oil firms as govt decides to retain higher profit share
New condition amounts to the ministry putting a cap on the share of oil and gas firms in profit petroleum
 "Damper for private oil firms as govt decides to retain higher profit share")
