agree to raise oil production in India

OPEC+ is expected to further increase oil output in August, potentially by 550,000 barrels per day, following recent price volatility. This decision, driven by a desire to regain

The Voluntary Eight (V8) members of OPEC+ have agreed to increase oil production by 547,000 barrels per day starting September 2025, aiming to regain market share

India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.

The OPEC+ oil group has announced that they will increase the oil production by 547,000 barrels per day starting in September. This is part of a series of monthly increases

OPEC+ Oil Output Increase: Oil prices fell to a four-year low in April below $60 per barrel after OPEC+ announced a bigger-than-expected production boost for May, and as U.S. President Donald Trump's tariffs raised

4 days agoThe clearances required for exploration have also been reduced from 37 to 18 to facilitate the ease of doing business. "Prime Minister Narendra Modi’s vision is driving India’s energy security through resilience with over

Meanwhile, analysts at the International Energy Agency are pessimistic about the chances of a significant increase in the country’s 700,000 barrels per day of production.

BP projected an increase in oil production by 44 per cent to 65.41 million tons and gas output by 89 per cent to 112.63 BCM from the Mumbai High field, which was discovered in

India, the world's third biggest oil importer and consumer, imports over 80 per cent of its oil needs from overseas. Fuel demand in India is rising and Jain said the country wanted

India plans to increase its purchases of U.S. oil and LNG to reduce its trade surplus with the United States and potentially avoid the imposition of tariffs.

India, the world's third-biggest oil importer and consumer, aims to rapidly increase its oil and gas production, which has remained stagnant for years. Global energy major BP has

The June changes allowed the United Arab Emirates to add 200,000 barrels per day (bpd) to a new target of 3.219 million bpd for 2025. The country plans to raise its oil

The plan of Organisation of Petroleum Exporting Countries (OPEC) to increase oil production is expected to lower prices benefitting India, given the country is a net importer of crude oil

Eight OPEC+ members will likely approve another oil output hike on Sunday, sources said, with the group still debating the final size of the increase for September amid

Motilal Oswal sees U.S. tariff pressure as an opportunity for India to boost production and reduce its trade reliance. India imports 87% of its oil but holds an estimated 22 billion

New Delhi: Oil India Limited (OIL) reported a 10.13 per cent rise in profit after tax (PAT) at ₹6,114.19 crore for the financial year 2025–25, compared to ₹5,551.85 crore in the previous year. The company recorded its highest

An oil port at Ras Tanura, Saudi Arabia, in 2025. The kingdom and seven other members of the OPEC Plus oil cartel will ramp up oil production by 411,000 barrels a day in July.

OPEC+ countries agree production adjustment of 411,000 barrels per day in July 2025 The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2025, namely Saudi

OPEC+ is expected to agree on a plan that would see production for the group increase in May, OPEC+ sources told Reuters on Tuesday.

India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.