New Delhi, March 23 (IANS) Brent crude has climbed up more than 60 per cent since the conflict in the Middle East began, from roughly $70 per barrel to about $112 per barrel on Monday.Meanwhile, crude oil prices for May futures on Multi Commodity Exchange (MCX) surged 0.65 per cent at Rs 9,318 per barrel.Crude rose about 56 per cent in the past 30 days, while US West Texas Intermediate (WTI) traded near $98.75 per barrel on Monday after rising over 2 per cent in the previous session.Escalating t…
Latest Oil Production News & Updates
Guwahati, Jan 22 (IANS) Chief Minister Himanta Biswa Sarma on Thursday said that Assam is not only defined by its glorious past but is steadily shaping new milestones, as he highlighted the state’s entry into oil production following the discovery of crude in the Namrup-Borhat block.In a post on X, Chief Minister Sarma said that in 2025, Assam became the first state to be engaged in oil production with the discovery in the Namrup-Borhat block, marking a significant moment in the state’s economic…
Washington, Jan 10 (IANS) President Donald Trump said his administration’s plan to revive Venezuela’s oil production would help reduce energy costs in the United States while reinforcing American energy dominance.Speaking to oil and gas executives at the White House on Friday, Trump said Venezuelan crude would complement record US production and strengthen supply.“One of the things the United States gets out of this will be even lower energy prices,” Trump said.He cited recent gasoline p…