{"id":681,"date":"2014-09-09T06:56:32","date_gmt":"2014-09-09T06:56:32","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=681"},"modified":"2014-09-09T06:56:32","modified_gmt":"2014-09-09T06:56:32","slug":"the-value-of-indian-oil-production","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=681","title":{"rendered":"The Value of Indian Oil Production."},"content":{"rendered":"<p>When one thinks of India, one does not automatically think that India is an oil producer.<\/p>\n<p>However, India produces <strong>894,000 barrels of oil a day<\/strong>, which equates to about <strong>1% of worldwide oil production<\/strong><\/p>\n<p>So what is the value of this crude ?<\/p>\n<p>Oil trades at about US$ 101.52 per barrel.<\/p>\n<p>Thus:-<\/p>\n<p><strong>894,000 barrels of oil a day<\/strong> x US<strong>$ 101.52 per barrel<\/strong> = $<strong>90,758,880<\/strong><\/p>\n<p>Yes that is $90 million = <strong>\u00a355 million a day<\/strong>.<\/p>\n<p>This is very important natural resource to a country that has to subsidise the cost of oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When one thinks of India, one does not automatically think that India is an oil producer. However, India produces 894,000 barrels of oil a day, which equates to about 1% of worldwide oil production So what is the value of this crude ? Oil trades at about US$ 101.52 per barrel. Thus:- 894,000 barrels of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-681","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=681"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/681\/revisions"}],"predecessor-version":[{"id":682,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/681\/revisions\/682"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}