Crude Oil Output News

Companies

Oil prices stable on expected OPEC cuts, but surging US supply drags

Crude oil prices were mainly supported by expectations the Organization of the Petroleum Exporting Countries (OPEC) would start withholding supply soon, fearing a renewed rout such as in 2014 when prices crashed under the weight of oversupply.

2 min read16 Nov 2018
Market

Opec deal will support oil prices, but long-term cap remains

While the floor on oil prices has moved up, US production will ensure that the cap remains

2 min read5 Dec 2017
Companies

ONGC’s western offshore fields output reaches five-year high

Output stood at nearly 320,000 bpd at the end of February, a jump of 12% from last year’s 285,000 bpd

3 min read4 Mar 2015

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