Category : Search result: domestic oil production


Oil Pipeline Bursts Twice in Assam's Dibrugarh, Spills Crude

An Oil India Limited pipeline in Dibrugarh's Tingkhong area ruptured twice within 12 hours, spilling crude oil onto farmlands and fish ponds. Locals report dead fish and fire risks. Read more on the environmental impact and OIL's response.

Oil falls on Venezuela supply hopes, Brent at $61.62

Oil prices declined as markets anticipate increased Venezuelan crude output post-US action. Analysts see potential for 500,000 bpd rise, but global demand and OPEC remain key. Read for price outlook.

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.

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.

Ashoknagar Oil Field Production to Start Soon

Production at Bengal's Ashoknagar oil field is imminent as ONGC and the state government finalize the deal. Union Minister Hardeep Singh Puri highlights the ₹1,000 crore investment and recent regulatory progress. Read more.

India Secures Soy Oil Ahead of Palm Price Surge

Indian buyers secure massive South American soybean oil volumes for 2026, anticipating palm oil shortages from Indonesia's biodiesel push and weaker sunflower harvests. Get the full analysis.

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