Category Archives: OilGas
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China and India Boost Crude Purchases as Global Glut Looms
Posted on November 17, 2025 by Diligentia News in OilGas.China and India are buying more crude oil, providing some respite for producers facing expectations of oversupply, Bloomberg reported today, citing unnamed trading sources. The two large importers have been buying mostly Middle Eastern cargos, the Bloomberg sources said, noting that these were being sold at a discount, with China the bigger buyer and India […]
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India Awards First Long-term US LPG Contracts To Chevron, Phillips 66, Total
Posted on November 17, 2025 by Diligentia News in OilGas.Indian state refiners have awarded their first joint, long-term tenders to Chevron, Phillips 66 and TotalEnergies Trading SA to import U.S. liquefied petroleum gas in 2026, two trade sources with knowledge of the matter told Reuters. The three state refiners were jointly seeking delivery of about 48 very-large gas carriers, or about 2 million metric […]
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India’s spend on Russian oil buy at €2.5 billion in October ahead of new sanctions
Posted on November 17, 2025 by Diligentia News in OilGas.India, the second-biggest buyer of Russian oil, spent as much as €2.5 billion on purchases of crude oil from Moscow in October, ahead of new sanctions being slapped on Russian entities, a European think tank has said. October 22, the U.S. imposed sanctions on Rosneft and Lukoil, two of the largest oil producers in Russia, […]
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China’s $468 Billion Energy Drive Sparks Global Oil Market Shakeup
Posted on November 11, 2025 by Diligentia News in OilGas.A month ago, Chinese oil heavyweight CNOOC boasted its pipeline network had hit 10,000 kilometers. That network was going to further grow to 13,000 km, the company said soon after it announced a fresh offshore discovery in the South China Sea. What CNOOC is doing is what all Chinese oil majors are doing: ramping up […]
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India among world’s top 5 oil refining countries: Hardeep Puri
Posted on November 10, 2025 by Diligentia News in OilGas.Minister of Petroleum and Natural Gas Hardeep Singh Puri on Saturday said that India with its 23 world-class refineries and a total capacity of 258.2 MMTPA (million metric tonnes per annum) now stands among the top five refining nations in the world. “India’s oil refining story is a story of growth, innovation and self-sufficiency. From […]
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Tripura-Mizoram gas pipeline crosses 23.5% milestone
Posted on November 7, 2025 by Diligentia News in OilGas.The Tripura to Mizoram gas pipeline has reached 23.5 percent completion, marking steady progress in one of Northeast India’s most ambitious energy projects. So far, engineers have laid around 28 kilometers of the 119-kilometer route that connects Panisagar in Tripura with Sihhmui near Aizawl in Mizoram. The project forms part of the Indradhanush Gas Grid […]
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Iraq among top Middle Eastern suppliers of LPG to India
Posted on November 7, 2025 by Diligentia News in OilGas.Iraq ranked among the seven dominating Middle Eastern suppliers that provided more than 94% of India’s liquefied petroleum gas (LPG) imports in October, according to S&P Global Commodity Insights’ Platts unit. Platts’ data showed the United Arab Emirates, Qatar, Iraq, Saudi Arabia, Kuwait, Oman, and Bahrain collectively exported 2.201 million metric tons of LPG to […]
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Saudi Arabia Slashes December Oil Prices to Defend Market Share in Asia
Posted on November 6, 2025 by Diligentia News in OilGas.Saudi Arabia has announced a sharp reduction in its official selling price (OSP) for crude oil destined for Asia in December, an announcement that follows closely on the heels of the OPEC+ decision to halt output increases in early 2026. Saudi Aramco will sell its flagship “Arab Light” grade to Asian buyers at a premium […]
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Reliance trying to sell some cargoes of Middle Eastern oil in rare offer
Posted on November 6, 2025 by Diligentia News in OilGas.Reliance Industries Ltd. is seeking to sell some cargoes of Middle Eastern oil to domestic and international buyers, in an unusual move for the Indian refiner that’s normally a major buyer. The company, controlled by billionaire Mukesh Ambani, has been trying to sell grades including Murban and Upper Zakum on the spot market, according to […]
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India to cut Russian oil imports in a big way? Major refiners may halt direct trade from late November; alternate sources being explored
Posted on November 6, 2025 by Diligentia News in OilGas.India plans to reduce direct imports of Russian crude from late November following the introduction of new US sanctions targeting Rosneft and Lukoil, which come into effect on November 21. Analysts expect Indian refiners—responsible for over half of the country’s Russian crude used in petrol and diesel production—to comply with the sanctions. According to maritime […]
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