India's Crude Oil production declines 5% in October
Commodity Online | December 02 2019
UPDATED 10:10:02 IST

Retail Traders & Investors Squeezed to Buy High-Risk Assets Again

LME starts publishing off-warrant stocks data

Metals extend gains; oil prices trend higher despite increase in inventories

Metals rally as risk aversion takes hold; oil prices steady ahead of inventories report

Saudi Arabia Eyes Total Dominance In Oil And Gas

India's crude oil production fell 5.09% in October this year over the corresponding period in the previous year as state-owned ONGC and Oil India missed target output, official data showed.

According to data released by the Ministry of Petroleum and Natural Gas, crude oil production in October 2019 stood at 2,738.44 thousand metric tonnes (TMT), which was 7.21% lower than monthly target and 5.09% lower when compared with October 2018.

Cumulative crude oil production during April-October period of 2019 was 19,110.46 TMT, which was 4.91% and 5.83% lower than target for the period and production during corresponding period of last year, respectively.

Natural gas production fell 5.6% year-on-year to 2,641.04 Million Metric Standard Cubic Meters (MMSCM) in October 2019. Cumulative natural gas production during April-October, 2019 stood at 18,646.15 MMSCM, down 2.13% compared to corresponding period of last year.

 



×