India's Crude Oil Output Falls for Third Straight Year

India’s crude oil production fell for the third consecutive financial year in 2025/2026, the government said as it launches a push to boost offshore oil and gas exploration. India’s crude output fell by 3% in the 2025/2026 fiscal year ended March 31, 2026, Oil and Natural Gas Minister Hardeep Singh Puri told Parliament. “The domestic oil production over the last three years has shown a slight decline, primarily owing to natural decline in mature and ageing oil and gas fields,” the government said. State-owned Oil and Natural…