Refineries, which had in April cut down operating rate to as low as 30-40 per cent as lockdown took most vehicles off road, processed 16.34 million tonnes of crude oil in May, 11 per cent more than April but 24 per cent less than a year earlier
While about 9 per cent of the company's natural gas output was impacted by inability of customers to take supplies.
After starting on a tepid note, the 30-share benchmark gained momentum in late-afternoon trade to close at 34,208.05, up 700.13 points, or 2.09 per cent.
Guwahati: The state-owned Oil India Ltd (OIL) lost 638 MT of crude oil production from 66 producing wells and 0.46 MMSCMD of natural gas...
Mumbai: Equity benchmark Sensex rebounded from a sharp selloff in early trade to finish 243 points higher on Friday, led by strong gains in...
"Markets around the world rallied on the back of a positive vaccine trial in the US, because of which Indian markets also witnessed a positive opening."
ONGC had at the close of bidding in January received bids for 50 out of the 64 small and marginal oil and gas fields it offered in a bidding round for raising production by involving private companies. Of these, the company has now awarded 49 of them.
NSE Nifty slipped 33 points, or 0.36 per cent, to 9,237.90.
Wall Street indices collapsed in their worst day since 1987, with the S&P 500 and Nasdaq dropping about 12 percent and the Dow sinking nearly 13 percent on new coronavirus (Covid-19) scare.
According to traders, volatility peaked in global markets after WHO's announcement describing the coronavirus outbreak as a pandemic.
Marking its seventh consecutive session of fall, the broader NSE Nifty fell 69 points or 0.62 per cent to end at 11,132.75
The 30-share index ended 1,448.37 points, or 3.64 per cent, lower at 38,297.29, while the Nifty sank 431.55 points or 3.71 per cent to end at 11,201.75.
Stock exchanges in Shanghai, Hong Kong and Tokyo were trading with heavy losses, while bourses in Seoul turned positive after Monday's selloff.
According to traders, besides foreign fund outflow, concerns over the economic impact of the coronavirus epidemic in China on world economy kept investors on edge.
Sensex closed 164.18 points or 0.40 percent lower at 41,141.85, and the Nifty settled at 12,098.35, down by 39.60 points or 0.33 percent.