India's coal demand stood at 905.88 million mt in 2020-21, with domestic supply contributing 690.89 million mt and imports at 214.99 million mt, the ministry data showed.

We are targeting our production capacity to become 13.4, 13.5 million barrels a day by 2027.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th ONOMM and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of March 2022.

Demand is expected to surpass pre-pandemic levels in the second half of the year "with a healthy recovery trend," the analysis showed, easing the market oversupply to 1.2 million b/d in the third quarter and 1.1 million b/d in the fourth.

Already, oil prices have hit seven-year highs in recent days over the ratcheting tensions between the West and Russia over Ukraine.

China's raw coal production increased by 4.7% to 4.07 Gt in 2021 and imports grew by 6.6% to 320 Mt,

While US gas production was largely unchanged in the 2020 to 2021 new year, production declines of varying magnitudes and durations were recorded over at least the five new year's prior, dating back to the 2015-2016 winter season.

Global hard coal production increased by more than 5% in 2021

Japan has found "considerable gas shows" in a series of the country's funded drilling operations conducted by INPEX until the fiscal year 2019-20 (April-March), marking the first domestic project, which enters an exploration phase with the support of the government's geological structure surveys,

Iraq, OPEC's second largest producer, has a January quota of 4.281 million b/d.