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#OilPrices #OilCrash
~ Oil summery of #india
Oil #reserves
4,728,790,000 barrels
Oil #production per day
1,016,371
Oil #consumption per day
4,443,000
Daily #deficit
-3,426,629
Oil #imports per day
4,255,300
Data source : worldo meter (2016)
~ Oil summery of #india
Oil #reserves
4,728,790,000 barrels
Oil #production per day
1,016,371
Oil #consumption per day
4,443,000
Daily #deficit
-3,426,629
Oil #imports per day
4,255,300
Data source : worldo meter (2016)
In the oil reserves India stands at 24th position and in the production we stands at 20th.
@dpradhanbjp shouldn't we increase our capacity of reserves and buy more oil at such a cheap cost as we are an emerging economy obviously we'll need more effective power & energy supply...
@dpradhanbjp shouldn't we increase our capacity of reserves and buy more oil at such a cheap cost as we are an emerging economy obviously we'll need more effective power & energy supply...
@narendramodi
Due to higher supply oil is trading at below $1 it's a great opportunity for developing or under developed nations to increase their overall reserves of oil.
And also producers will have to sale force-fully at lower price because of less capacity to store the oil.
Due to higher supply oil is trading at below $1 it's a great opportunity for developing or under developed nations to increase their overall reserves of oil.
And also producers will have to sale force-fully at lower price because of less capacity to store the oil.
India is the third largest consumer in the world as per data of 2016.
