India’s Crude Oil production falls 3.47% in November
Commodity Online | January 17 2019
UPDATED 12:33:42 IST

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India’s domestic crude oil production fell 3.47% in November to 2,780.60 Thousand Tonne (TMT), as compared to the corresponding month a year ago, primarily due to fall in production from fields operated by Oil and Natural Gas Corporation (ONGC).

India’s domestic crude oil production in November 2017 stood at 2,880.67 TMT.

Cumulatively, India’s crude oil production during the April-November period of financial year 2018-2019 fell 3.63 per cent to 23,075 TMT, as compared to 23,943.75 TMT produced in the corresponding period a year ago. The fall was primarily due to lower crude oil production from fields operated by government-owned ONGC and Oil India.

ONGC, India’s largest producer of crude oil and natural gas witnessed its crude oil production fall 5 per cent to 1705.36 TMT in the month of November primarily due to fall in production from its Western Offshore fields.

Cumulatively, ONGC’s crude oil production during the April-November period of financial year 2018-2019 decreased 5.60 per cent to 14,146.89 TMT as compared to 14,986.62 TMT produced in the corresponding period a year ago.

Oil India, the second government-owned oil and gas producer’s crude oil production in the month of November declined 2.37 per cent to 272.93 TMT, as compared to 279.54 TMT produced in the corresponding month a year ago. The decline was primarily due to lower production from the company’s Assam fields.

Cumulatively, Oil India’s crude oil production in the April-November period of financial year 2018-2019 declined marginally to 2,241.63 TMT, as compared to 2,260.48 TMT produced in the corresponding period a year ago.

Crude oil production from fields operated by Private operators as well by Joint Ventures (JVs) declined marginally to 802.31 TMT in the month of November, as compared to 805.84 TMT produced in the corresponding month a year ago.

 

Commodity Arrivals Rate
Mustard Oil 6 9650.00
Coconut Oil 1 17500.00
Arecanut 70 2600.00
Sugar 223 3230.00

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