Commodities Buzz: Domestic Crude Oil Production Drops 2% This Year

Domestic Crude oil production during May, 2018 was 3007.84 TMT which is 1.38% lower than target and 2.95% lower when compared with May 2017. Cumulative crude oil production during April-May, 2018 was 5922.84 TMT which is 0.61% lower than target for the period and 1.92% lower than production during corresponding period of last year. Natural gas production during May, 2018 was 2728.04 MMSCM which is 7.29% lower than the target for the month and 1.47% lower when compared with May, 2017. Cumulative natural gas production during April-May, 2018 was 5391.01 MMSCM which is 6.13% lower than target for the period but 1.67% higher than the production during corresponding period of last year.