Crude oil prices witnessed a sharp decline on Tuesday, with Brent crude falling over 3%, dropping below the $70 per barrel mark. Intraday trading saw […]
Tag: Oil Production
Libya’s Eastern Government Declares Force Majeure, Halting All Oil Production and Exports Amid Escalating Power Struggle
Libya’s eastern government has declared force majeure on all oil fields and ports, effectively halting all oil production and exports. This drastic move marks a […]
ONGC is expected to start oil production from its $5 billion deep water project in the Krishna Godavari basin offshore India’s eastern coast this month.
The project, known as Cluster-2, has been delayed by more than two years due to the coronavirus pandemic and other execution issues. However, ONGC is […]