Page 4 - Oil Production

IOC raises Rs 1,500 cr via bonds at interest rate lower than sovereign

IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent

Brent crude drops 2% to $91.14 per barrel on Iranian oil hopes

Brent crude futures fell $1.83, or 1.9%, to $91.14 a barrel by 1425 GMT, extending a 1.9% drop from the previous session

Oil prices ease after 7-year high as Ukraine hints at concessions to Russia

Brent crude was down 81 cents, or 0.9%, at $93.63 a barrel by 1259 GMT, off an ealier peak of $96.16, the highest since October 2014

ONGC seeks peak oil and natural gas output from KG block in FY24

With KG-D5 going live, oil production is estimated to rise to 24 million tonnes in 2023-24 and gas to rise to 32.16 bcm, said Anurag Sharma, director (onshore) and interim director (finance) of ONGC

Oil prices stable at $90/Bbl, Iran supply prospects add pressure

Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT

Statsguru: Six charts show recurring worries over rising crude oil

The share of OPEC in global oil production has been falling in recent times

Oil hits seven-year highs as rally extends to a 7th week

Brent crude rose $2.16, or 2.4%, to settle at $93.27 a barrel having earlier touched its highest since October 2014 at $93.70

Oil dips below $89 on potential for faster supply boost

While the OPEC+ has been expected to maintain its policy of gradual production increases at a meeting on Wednesday, Goldman Sachs said there was a chance of further steps

Oil posts biggest monthly gain in a year on tight supply, Ukraine tensions

The most-active Brent contract, for April delivery, traded 74 cents higher, or 0.8%, to settle at $89.26 per barrel.

Oil prices climb towards $80 per barrel on tight supply; stocks fall

Weekly data from the US Energy Information Administration is due later on Wednesday

Oil climbs to fresh four-week high as Omicron concerns ease

Futures in New York traded above $73 a barrel, though liquidity is dwindling heading into the holiday period

Global equities and oil prices slump on Omicron and growth fears

The spread of the Omicron variant saw the Netherlands go into lockdown on Sunday and put pressure on others to follow, though the United States seemed set to remain open

Oil producers artificially adjusting supply leading to price rise: Govt

India last month agreed to release five million barrels of crude oil from its Strategic Petroleum Reserves

Confusing signals for OMCs with crude supply-demand equation set to change

Lower oil prices can improve margins, but they could impact inventory value while a third Covid wave can potentially hurt growth

Omicron threatens oil demand recovery, already hit by Europe's rising cases

Governments worldwide imposed travel curbs on travellers from southern Africa during the weekend to limit the spread of Omicron, first detected in South Africa

Oil settles down $10 per barrel in largest daily drop since April 2020

Oil fell with global equities markets on fears the variant, could dampen economic growth and fuel demand

Oil producers cannot hold consumers to ransom, says Hardeep Singh Puri

Puri blamed the key producers for keeping supplies lower than demand

US to sell 32 million barrels of mostly sour crude from 4 SPR sites

The sale of SPR oil, which is mainly blended sour crude, is expected to depress the value of U.S. sour crude Mars and benefit buyers in Asia which processes mainly high-sulphur oil

Oil prices drop as coordinated reserve release eases some supply fears

U.S. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2%, to $78.38 a barrel at 0122 GMT, reversing out of a 2.3% gain in the previous day

US marshals other nations, challenges OPEC+ with release of oil reserves

WASHINGTON (Reuters) - The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.