Page 5 - Oil Production

Goldman Sachs says global oil reserves release 'a drop in the ocean'

Global oil prices rebounded to a one-week high on Tuesday after the move by the United States and other consumer nations to release oil from strategic petroleum reserves

India's crude oil production falls 2.15% in October, gas output rises

India's crude oil production fell 2.15% in October as state-owned firms produced less but, natural gas output rose by a quarter on the back of output from KG-D6 fields of Reliance-BP

Oil prices settle up 1% on reports OPEC+ could reassess output

NEW YORK (Reuters) -Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand.

Japan, India working on oil-stock release with US, timing unclear: Sources

The U.S. government has been unable to persuade OPEC+ to pump more oil, with major producers arguing the world was not short of crude.

Oil prices off 7-week lows but under pressure as release of reserves eyed

Brent lost 26 cents, or 0.3%, to $78.63 a barrel as of 0725 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 12 cents, or 0.2%, at $75.82 a barrel

Oil dives 3% to below $80/bbl on resurgent pandemic in Europe

NEW YORK (Reuters) - Oil prices fell about 3% to below $80 a barrel on Friday as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices.

Oil hovers above six-week low as China readies crude reserve release

Prices fell to the six-week lows early in the session as China said it was moving to tap reserves

ONGC must engage pvt sector to boost domestic output: Oil secy Tarun Kapoor

Wants the energy giant to increase area under exploration; options on the table include selling stake to private players, exploring partnerships

Oil prices gain after OPEC+ producers hold firm on supply

Brent crude rose 53 cents or 0.7% to $81.07 a barrel by around 0805 GMT, after falling nearly 2% on Thursday

Oil prices hit two-week low on Iran talks resuming, US crude build

Brent crude was $1.06, or 1.2%, lower at $83.52 a barrel by 12:31 p.m ET (1631 GMT), having hit a two-week low of $82.32 earlier in the session and falling 2.1% on Wednesday.

Oil edges up to new multi-year highs on global supply shortage

Brent futures rose 42 cents, or 0.5%, to $86.41 a barrel by 12:14 p.m. EDT (1614 GMT), while U.S. West Texas Intermediate (WTI) crude rose 95 cents, or 1.1%, to $84.71.

ExxonMobil and ONGC to extend partnership to Andaman offshore

Private refiners such as Reliance and Nayara Energy command over a third of India's total crude oil refining capacity

Oil rises above $85 a barrel, Brent set for seventh weekly gain

Brent crude futures rose 92 cents, or 1%, to $85.53 a barrel at 1335 GMT, after Thursday's three-year high of $86.10

Fossil fuel plans evade Paris limits, says UNEP report

Over the next two decades, governments are collectively projecting an increase in oil and gas production, and only a modest decrease in coal production

India's crude oil production falls 2.3% in August, gas output rises

India's crude oil production fell 2.3 per cent in August but natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP

Oil slips but holds to most gains after draw in US stocks

Brent crude oil fell 13 cents, or 0.2%, to $75.33 a barrel by 0128 GMT, after settling up 2.5% the previous day.

Oil extends gains on worries of US supply disruptions from another storm

Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GTM, having gained 0.8% the previous day

Oil climbs to one-week high on US supply concerns, Brent crude up 0.7%

Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel

Oil prices gain for second session as lower US output supports

Brent added 26 cents, or 0.36% to $72.86 a barrel at 0616 GMT and West Texas Intermediate (WTI) crude rose 12 cents, or 0.17%, to $69.42 a barrel.

OPEC+ sticks to agreed schedule for oil-production increases

Ministers ratified the 400,000 barrel-a-day supply hike scheduled for October after less than an hour of talks, one of the quickest meetings in recent memory