India's Domestic oil production falls in July, gas output

India’s domestic oil production continued to falter in July with crude oil output down 3.22% in the month compared to the corresponding period last year. However, according to the monthly production report released by the ministry of petroleum and natural gas, there was an 18.36% increase in gas production in July. Crude oil production during July 2021 was 2548.78 TMT, which is 3.78% lower than the target for the month and 3.22% lower when compared with production of July 2020.
Cumulative crude oil production during April-July, 2021 was 9961.65 TMT, which is 2.64% and 3.37% lower than the target for the period and production during the corresponding period of last year respectively," petroleum and the natural gas ministry said in the report. India’s domestic energy production has been low. In what doesn’t bode well for the country’s energy security, India’s crude and oil and gas production fell by 5.22% and 8.06% respectively in the last financial year.