oil production

Brent Crude plunges below $30, Lowest Since 2004

Brent oil prices fell on Wednesday, dropping below $30 a barrel to touch $29.96 for the first time since April 2, 2004.

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Global Stock and Wall Street Plunged Following Oil Price

Oil price fell below $30 a barrel on international market for the first time since 2004. The $30 mark is both a psychological and financial threshold. Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade at $30.22

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Rosneft's Sechin says oil could fall below $60/barrel next year

Russia's most powerful oil official Igor Sechin said in an interview with an Austrian newspaper that oil prices could fall below $60 by mid-way through next year.

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India's ONGC to spend $9 B in the next decade for oil, natural gas production

Oil & Natural Gas Corp or ONGC said it would be spending about $9 billion in the next ten years to produce oil found in new blocks in the east coast of India.

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Rosneft expects to hit analysts expectations after TNK-BP deal

Russia's top crude producer Rosneft has hopes that it would be earning RUB439 million or USD13.8 billion after its acquisition of Moscow-based oil company TNK-BP.

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