Category Archives: OilGas
-
India’s decision to raise oil import from the US is more political than commercial
Posted on July 23, 2025 by Diligentia News in OilGas.President Trump’s trade and tariff tantrums seem to be strongly working on India. The country’s crude oil imports from the United States surged by 51 percent during the first half of the current year ignoring the very high cost of import, including shipping, and travel time from the US ports. The political undercurrents, involving India’s […]
Continue Reading... No Comments. -
Oil sans Russia
Posted on July 21, 2025 by Diligentia News in OilGas.India’s confidence in navigating a potential cut-off in Russian oil supplies due to looming secondary sanctions reflects not only geopolitical pragmatism but also the hard lessons of energy security learned over decades. At a time when Western powers are tightening the screws on Moscow, India’s Petroleum and Natural Gas Minister Hardeep Singh Puri has projected […]
Continue Reading... No Comments. -
Trump tariffs push Asia toward American LNG at the cost of climate goals
Posted on July 21, 2025 by Diligentia News in OilGas.Asian countries are offering to buy more US liquefied natural gas in negotiations with the Trump administration as a way to alleviate tensions over U.S. trade deficits and forestall higher tariffs. Analysts warn that strategy could undermine those countries’ long-term climate ambitions and energy security. Buying more US LNG has topped the list of concessions […]
Continue Reading... No Comments. -
Russia Sanctions: EU Restrictions On Russian Oil Could Hit India’s $15 Billion Fuel Exports; ‘Will Have To Walk A Fine Line…
Posted on July 21, 2025 by Diligentia News in OilGas.Russian oil sanctions by the European Union could dent India’s $15 billion fuel exports, the Global Trade Research Initiative (GTRI) has warned. The EU’s 27 member states have introduced their 18th sanctions package against Russia, primarily targeting the oil and energy sector revenues. From an Indian standpoint, the biggest takeaway is that these new sanctions […]
Continue Reading... No Comments. -
PNGRB Price Order: Regulator Tells CGD Firms To Charge One PNG Rate; Warns Against Misuse Of Subsidised Gas
Posted on July 21, 2025 by Diligentia News in OilGas.India’s petroleum regulator has directed city gas distributors to charge a uniform rate for piped natural gas (PNG) supplied to household kitchens, regardless of usage volume. The move comes amid concerns that a tiered pricing system adopted by some firms may be encouraging misuse of subsidised gas and leading to unfair charges for genuine consumers. […]
Continue Reading... No Comments. -
Asian Heat Squeezes LNG Flow to Europe
Posted on July 14, 2025 by Diligentia News in OilGas.Peak summer heat across Northeast Asia is prompting a surge in liquefied natural gas (LNG) demand, forcing slower flows to Europe as gas-fired power plants race to meet rising cooling needs, according to Goldman Sachs. The shift is straining European supply and pushing global traders to watch closely. Goldman analysts warn that Asia’s stronger-than-usual weather […]
Continue Reading... No Comments. -
Tight Oil Market Shrugs Off Supply Surge
Posted on July 14, 2025 by Diligentia News in OilGas.Crude oil markets have turned out to be tighter than most analysts appeared to expect, and are ready to absorb OPEC+’s higher-than-forecast supply boost next month. For proof, look no further than oil prices after the latest OPEC+ announcement that took traders and analysts by surprise. On Monday, after OPEC+ said it would add more […]
Continue Reading... No Comments. -
U.S. and Brazil Become Key Oil Suppliers to India
Posted on July 14, 2025 by Diligentia News in OilGas.India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a strategic deepening of ties with non-OPEC suppliers amid heightened global volatility and supply risk recalibrations. According to new data from S&P Global Commodity Insights cited by Indian media outlets, US crude shipments to […]
Continue Reading... No Comments. -
PNGRB wants GST on CNG vehicles to be lowered, no excise on CBG
Posted on July 14, 2025 by Diligentia News in OilGas.From pegging Goods and Services Tax rate on a par with that on electric vehicles to waiving excise duty on compression of natural gas and on the compressed biogas component in the fuel, India’s Petroleum and Natural Gas Regulatory Board (PNGRB) wants for a clutch of changes to accelerate compressed natural gas (CNG) vehicle usage. […]
Continue Reading... No Comments. -
Saudi Oil Exports to China Set to Hit Two-Year High in August
Posted on July 11, 2025 by Diligentia News in OilGas.Crude oil exports from Saudi Arabia to China are seen reaching the highest level in two years in August, Reuters reported today, citing half a dozen unnamed trade sources. The daily average, according to refiner allocation data seen by the publication, stands at 1.56 million barrels, for a total monthly volume of 51 million barrels. […]
Continue Reading... No Comments.
