Oil prices fall to four-year lows as OPEC production cut looks unlikely
Oil prices fell to four-year lows on Thursday as it appeared unlikely producer club OPEC would decide to cut output in support of prices at a meeting this week, and as increasing Chinese and US stocks boosted available supplies.
Nov 27, 2014, 10:14 AM IST
'Russia considers cutting oil production to support price'
"There is no final decision," Novak said. "We are discussing the question. We are working inside the government on the expediency of such methods."
Nov 22, 2014, 00:16 AM IST
ONGC oil output jumps 10%
ONGC, which had over the last few years seen output not matching targets, plans to quickly develop discovered fields to boost oil and gas production.
Oct 27, 2014, 16:58 PM IST
ONGC to begin oil production from KG block in 2019
The oil discovery in Krishna Godavari basin block KG-DWN-98/2 or KG-D5 will be the first large oil production from the east coast. The block also has 10 gas discoveries.
Sep 20, 2014, 15:47 PM IST
IMF predicts Angola budget deficit
Oil-rich Angola will post a budget deficit this year for the first time in five years, the IMF said , citing a dramatic fall in oil production.
Sep 04, 2014, 08:24 AM IST
ONGC loses 1,000 barrels of oil production a day
Oil and Natural Gas Corp has lost 1,000 barrels of oil production and 0.11 million standard cubic meters of gas output per day due to a gas leak at its prime Mumbai High fields.
Aug 06, 2014, 16:12 PM IST
Govt concerned over Iraq impact on oil prices
With its heavy reliance on imported oil from Iraq making it vulnerable to the conflict there, the new government is concerned over the impact spurt in oil prices may have on its plans to resuscitate the economy.
Jun 23, 2014, 14:15 PM IST
