India’s crude oil production falls 3.47% in November

India’s crude oil production falls 3.47% in November

India’s domestic crude oil production fell 3.47 per cent 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).

Crude oil futures decline on weak trend overseas

Crude oil futures decline on weak trend overseas

Crude oil futures dropped by Rs 15 to Rs 3,650 per barrel on January 14 as speculators off-loaded bets amid weak trend overseas. Marketmen said trading sentiment was dampened in futures trade here after oil prices retreated in the global market due to ample stocks.

US oil inches down amid concerns of economic slowdown

US oil inches down amid concerns of economic slowdown

US oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets.

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