Category Archives: OilGas
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Oil Prices Set to End the Week Flat Amid Conflicting Signals
Posted on July 11, 2025 by Diligentia News in OilGas.Crude oil prices recouped some of the losses they booked on Thursday today but looked set to end the week with little change, amid tariff worries, OPEC+’s decision to boost supply, and a threat of a diesel shortage in key markets, and the prospect of fresh U.S. sanctions on Russian energy. At the time of […]
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GAIL pipeline tariffs may see a 20% increase: Exclusive
Posted on July 10, 2025 by Diligentia News in OilGas.India’s state-owned natural gas major, GAIL (India) Ltd., is poised for a significant boost in its pipeline tariffs, with sources indicating a potential increase of nearly 20%. The Petroleum and Natural Gas Regulatory Board (PNGRB) is expected to approve a revised tariff in the range of ₹70 per mmBtu, up from the current rate of […]
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Petroleum ministry invites suggestions on draft PNG rules
Posted on July 10, 2025 by Diligentia News in OilGas.Union minister of petroleum and natural gas Hardeep Singh Puri urged industry leaders, experts, and citizens to share their feedback on the Draft Petroleum & Natural Gas Rules, the revised Model Revenue Sharing Contract (MRSC), and the updated Petroleum Lease format by July 17, 2025. “We are bringing in a series of pathbreaking policy reforms […]
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Top Indian Refiner Sees Oil Prices Stabilizing in the $65-70 Range
Posted on July 8, 2025 by Diligentia News in OilGas.State-owned Indian Oil Corporation, the biggest refiner in India, expects international crude oil prices to stabilize in the $65 to $70 per barrel range for the rest of the fiscal year, with potential dips below $65 a barrel, IndianOil chairman AS Sahney told the NDTV Profit outlet on Monday. “There is still some room for […]
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LNG Boom Hits a Snag in Louisiana’s Crowded Waterways
Posted on July 8, 2025 by Diligentia News in OilGas.As U.S. LNG exporters expand plants and propose new facilities along the Texas and Louisiana coasts, an unlikely domestic bottleneck could delay capacity expansions and growth in America’s LNG exports. Crowded waterways along the Louisiana coast, where many new projects will be located, could create constraints to shipping LNG cargoes out of the U.S. Gulf […]
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Goldman Sachs Expects Another OPEC+ Superhike in September
Posted on July 7, 2025 by Diligentia News in OilGas.The OPEC+ producers are expected in August to agree on another superhike in production for September that would complete the unwinding of the 2.2 million barrels per day (bpd) output cuts, Goldman Sachs said after the alliance surprised the market with a larger-than-forecast boost for August. The OPEC+ group is set to unwind the last […]
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Oil Prices Expected to Stay Under $70
Posted on July 7, 2025 by Diligentia News in OilGas.Despite heightened tensions in the Middle East, oil prices are likely to remain capped below $70 per barrel for the rest of the year amid ample supply and uncertainties about demand. Unless actual supply disruptions occur in and around the hotspots in the Middle East, the price of oil will be a function of supply […]
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OPEC+ Speeds Up Oil Output Hikes, Adds 548,000 Bpd In August
Posted on July 7, 2025 by Diligentia News in OilGas.OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped – and then retreated – following Israeli and US attacks on Iran. The group, which pumps about half of the world’s oil, has been curtailing production since 2022 to […]
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IOC draws up green hydrogen fuel retail network plan
Posted on July 4, 2025 by Diligentia News in OilGas.Indian Oil Corp. (IOC), the country’s largest oil-marketing company with over 37,500 petrol stations, is working on a new business plan to set up green hydrogen fuel dispensing pumps across the nation, chairman Arvinder Singh Sahney said in an interview. Sahney said that apart from captive consumption at its refineries, where Indian Oil would look […]
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Oil Prices Dip on Confirmation of Inventory Build
Posted on July 3, 2025 by Diligentia News in OilGas.Crude oil prices opened weaker today following Wednesday’s release of U.S. oil inventory data that confirmed API’s estimate of a build. Regardless of the fact that the build, at 3.8 million barrels as estimated by the EIA, followed several weeks of draws, it pushed prices lower in the last trading day before the July 4th […]
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