Crude oil output slips 6.3% in May
Crude oil production fell 6.3% year-on-year in May while natural gas output rose 19%, according to the petroleum and natural gas ministry data.
A 9.6% drop in ONGC NSE 1.98 %’s output was primarily responsible for the overall production contraction. Oil India’s production fell 2.1% while output from the fields operated by private players increased 0.7%.
