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Erdgas-Produktion in Deutschland um 16 Prozent gesunken

Erdgas-Produktion in Deutschland um 16 Prozent gesunken
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Domestic crude production down 5 per cent in FY21 - The Hindu BusinessLine

Domestic crude production down 5 per cent in FY21 April 20, 2021 × During the same period, the domestic production of natural gas too declined by 8.06 per cent. The domestic production of crude oil during the just-concluded financial year fell by 5.22 per cent on a year-on-year basis to 30.5 million tonnes. For the financial year ended March 31, 2021, the domestic production of natural gas declined by 8.06 per cent to 28.7 billion cubic metre, according to the Ministry of Petroleum and Natural Gas’s Petroleum Planning and Analysis Cell (PPAC). Oil and Natural Gas Corporation Ltd (ONGC) produced 20.6 million tonnes of crude during the year, 2.15 per cent lower than during the previous fiscal year. Its gas production was down 7.89 per cent to 21.87 bcm. Like private producers Cairn Oil and Gas and Hindustan Oil Exploration Company Ltd, the firm attributed the fall to disruptions caused by Covid-19.

China to continue as mover and shaker of world commodity markets

China to continue as ‘mover and shaker’ of world commodity markets April 19, 2021 China’s ravenous appetite for commodity consumption and stockpiling of critical goods helped keep global commodity prices buoyant from time to time. China’s ravenous appetite for commodity consumption and stockpiling of critical goods helped keep global commodity prices buoyant from time to time.× China’s strategy going forward emphasises increased domestic production and consumption, with reduced dependence on imports Since the beginning of the 21st century, China has been a mover and shaker of the global commodities market covering energy products, various metals and agriculture. In a lighter vein it used to be said, ‘if China sneezes, the world commodity market catches cold’.

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