Crude oil prices may fall to USD 79/barrel by 2027: US Energy Administration

May 14, 2026

Global crude oil prices are expected to decline to an average of USD 79 per barrel by 2027 as oil production in the Middle...

US may reduce oil production because of sluggish demand and falling crude prices: S&P

May 14, 2025

United States may reduce its oil production which could lead to an annual decline in output in 2026 due to the sluggish demand and...

US faces steeper crude oil production decline than previously anticipated: S&P Global Commodity Insights

Jun 11, 2025

The US is facing a deceleration of crude oil production growth in 2025 than previously anticipated, according to a new analysis by S&P Global...

Crude oil production totals 2,493 TMT in April

May 21, 2021

New Delhi [India], May 21 : Crude oil production during April totalled 2,493 thousand metric tonnes (TMT), up 1.16 per cent higher than the...

Crude oil production totals 2,519 TMT in August

Sep 22, 2021

New Delhi [India], Sep 22 : Crude oil production during August totalled 2,519 thousand metric tonnes (TMT), down 5.9 per cent than the target...

India cuts windfall tax on crude oil

Jul 20, 2022

New Delhi [India], July 20 : The central government on Wednesday cut the windfall tax on crude oil to Rs 17,000 per tonne from...