Search For "barrels per day"
Brazil targets 400,000-Barrel daily refining capacity by 2030
Updated : 5 months, 3 weeks ago IST
Petrobras President Magda Chambriard announced on Tuesday that Brazil intends to expand its national oil-refining capacity to around 400,000 barrels per day by the year 2030. She shared this update during an event at the Abreu e Lima Refinery (Rnest) in Ipojuca, located in the state of Pern
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India continues to buy "huge quantities of Russian feedstock": Russian en
Updated : 6 months, 2 weeks ago IST
"If we look at October statistics, India continues buying huge quantities of Russian feedstock. Approximately at the same level as lately, about 1.75 million barrels per day," the envoy said as per the official TASS news outlet.
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OPEC+ countries agree production adjustment of 411,000 barrels per day i
Updated : 11 months, 4 weeks ago IST
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31 to review global market conditions and outlook.
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Global oil supply is secure, with countries like Brazil, the US and Canada
Updated : 1 year, 6 months ago IST
During an interaction with media in New Delhi on Thursday, he explained, "All concerned with is that the major consuming countries are not likely to face any shortfall of supplies on account of the fact, that more and more oil is coming onto the market. The Brazilians who have a production o
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If Middle east tension escalates, India's inflation, growth and BoP may se
Updated : 2 years, 1 month ago IST
With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz, equivalent to about a fifth of global consumption, any disturbance in this key maritime route reverberates across the world.
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Commodity watch: Global trends unveiled for OPEC Adjusts, EU carbon plumme
Updated : 2 years, 3 months ago IST
In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates, trimming the "call" on its crude by 90,000 barrels per day (b/d) in 2024 and 110,000 b/d in 2025 compared to January's figures. Despite this, OPEC remains bullish on global consumpt
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India's Russian crude imports prevented price surge in global oil market
Updated : 2 years, 4 months ago IST
The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude oil market and preventing a surge in prices by approximately USD 30-USD 40 per barrel.
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India's October oil demand rises 1.6% MoM; 2023 annual growth revised: S&a
Updated : 2 years, 6 months ago IST
Overall, India's oil demand is expected to grow by 258,000 barrels per day in 2023, revised higher by 9,000 bpd from the last update citing strong diesel sales.
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S&P Global Commodity Insights upwardly revises India daily fuel demand
Updated : 2 years, 7 months ago IST
S&P Global Commodity Insights said oil demand in India is expected to grow by 249,000 barrels per day in 2023, revised higher by 10,000 bpd from its last update.
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Russia's oil exports hit 3-year-high in March, revenues up USD 1 bn: IEA
Updated : 3 years, 1 month ago IST
Russia's supplies by sea grew by 0.6 million barrels per day to 8.1 mn barrels per day, the agency said, adding that deliveries of petroleum products rose by 450,000 barrels per day month-on-month to 3.1 million barrels per day.
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OPEC Plus announces oil output cuts of around 1.16 mbpd
Updated : 3 years, 1 month ago IST
Riyadh, Saudi Arabia's capital and main financial hub said it would cut output by 500,000 barrels per day, or BDP, from May until the end of 2023, state media reported.
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Iranian govt increases oil sales to China despite economic sanctions
Updated : 3 years, 3 months ago IST
According to VOA, Iran does not publish statistics about its oil sales, but analysts say Tehran has increased oil exports to more than 1.2 million barrels per day over the past three months.
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