Category : Search result: crude oil production


Venezuela, Iran Actions May Worsen 2026 Oil Glut

Geopolitical shifts in Venezuela and Iran could add to a projected 1.5-2 million barrel per day oil surplus in 2026, pressuring crude prices. Analysts warn scarcity fears are fading.

Vedanta Q3: Mixed Production Results for Key Commodities

Vedanta Ltd reports a 1% rise in aluminium, 4% in Zinc India, and 28% in Zinc International output for Q3 FY24. However, steel and oil & gas production see a decline. Get the full quarterly performance details here.

Russian oil discount to India jumps to $8 a barrel

Russian crude suppliers now offer Indian refiners discounts up to $8 per barrel, doubling since October. This could lower India's import bill as global oil prices hover around $60. Read more.

Oil Rises on Geopolitical Risks After Steep 2025 Decline

Crude oil prices saw a slight increase on the first trading day of 2026, following their sharpest annual fall since 2020. The uptick is driven by renewed geopolitical tensions, including Ukrainian drone strikes on Russian oil facilities and fresh US sanct

IEA: Low Crude Oil Prices to Continue Till 2026

The International Energy Agency forecasts a prolonged period of low crude oil prices due to a significant supply surplus and slowing demand growth. Discover the key factors and global implications.

Oil Set for Deepest Annual Loss Since Pandemic, Down 20%

Crude oil prices are on track for their steepest annual decline since 2020, with a 20% drop this year. Key factors include a looming surplus, OPEC's upcoming meeting, and geopolitical tensions. Read the full analysis.

Russian Oil to India Plunges to 3-Year Low

India's Russian oil imports crash to a 3-year low of 1.1M bpd in Dec 2025 as US sanctions bite. Reliance pauses buys, state refiners tread cautiously. What's next for India's energy security? Read more.

India's Russian Crude Imports Fall in December

India's Russian crude imports are expected to fall to 1.2 million barrels per day in December, down from November. However, the trade relationship remains structurally strong despite the monthly decline.

India's Oil Import Bill Falls 12% as Crude Prices Dip

India's oil import bill fell 12% to $80.9 billion in Apr-Nov FY26 despite higher volumes, as global crude prices averaged $67.6/barrel. Net oil & gas imports also declined over 12%. Read the full analysis.

Oil Rises on Geopolitical Tensions, Supply Fears

Oil prices rose over 0.9% in early Asian trading as Middle East tensions and Russia-Ukraine conflict fueled supply disruption fears. Key details on price movements and analyst insights inside.

Oil Gains on Venezuela Blockade, Nigeria Strike

Crude oil heads for its biggest weekly gain since October, driven by US actions against Venezuela's oil shipments and a military strike in Nigeria. WTI holds above $58. Read the full analysis.

Core Sector Output Grows 1.8% in November 2025

India's core sector output grew 1.8% in November 2025, rebounding from October's contraction. However, energy-linked segments like crude oil production saw a decline. Get the full analysis.

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