Category Archives: OilGas
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India sets first benchmark price for biomass pellets
Posted on November 21, 2023 by Diligentia News in OilGas.India has rolled out its first benchmark price for biomass pellets to promote capacity additions and encourage co-firing with coal. November 21, 2023: India’s power ministry has announced a benchmark price of 2.27 rupees/1,000 kcal ($0.027/1,000 kcal) for non-torrefied biomass pellets applicable to northern India excluding the national capital region. The pellets should have moisture […]
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Russia Removes Gasoline Export Ban As Domestic Market Stabilizes
Posted on November 20, 2023 by Diligentia News in OilGas.Russia has lifted its gasoline export implemented in mid-September, citing a supply surplus of some 2 million metric tons, Reuters reports. The lifting of the export restrictions follow a similar move to suspend restrictions on diesel exports by pipeline during the first week of October. Reuters cited the Russian energy ministry as saying on Friday […]
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India’s crude oil imports to rise in November, December due to festival season, industrial activity
Posted on November 20, 2023 by Diligentia News in OilGas.India’s crude oil imports are expected to grow from October level during the remaining two months of the calendar year in line with the ongoing festival and marriage season, which also witnesses an uptick in industrial, construction and farm activities. Analysts and trade sources said that domestic oil marketing companies (OMCs) have increased refinery runs […]
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Gas Infrastructure Needs to be Ready for Clean Hydrogen
Posted on November 17, 2023 by Diligentia News in OilGas.As green hydrogen becomes an ever more important clean energy source, governments and energy companies must prepare for a steep incline in production in the coming years and ensure they have the correct infrastructure to transport it. Some regions of the world are already establishing major hydrogen corridors, such as the Spain – Netherlands link […]
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Has the Energy Transition Hit a Wall?
Posted on November 17, 2023 by Diligentia News in OilGas.Wind power stocks are tanking. So are solar power stocks. Germany’s government just agreed to underwrite a 15-billion-euro bailout for Siemens Energy after its wind power subsidiary booked massive losses. The list could continue. The movers and shakers in the energy space are finding it increasingly hard to move and shake. It was easy to […]
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“I am waiting for Thank You”: S Jaishankar On India Softening Oil Markets
Posted on November 17, 2023 by Diligentia News in OilGas.Asserting India’s role in stabilising global oil and gas markets through its strategic purchase policies amid the Russia-Ukraine war, External Affairs Minister S Jaishankar noted that the purchase policies of India managed “global inflation”. During a conversation hosted by the High Commission of India in London, titled ‘How a billion people see the world,’ Mr […]
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GAIL India issues swap tender for 24 LNG cargoes in 2025
Posted on November 17, 2023 by Diligentia News in OilGas.GAIL (India) Ltd has issued a swap tender offering 24 liquefied natural gas (LNG) cargoes loading out of the United States next year in exchange for 24 other cargoes for delivery to India in 2025, said two industry sources on Thursday. India’s largest gas distributor is offering two cargoes per month, from January to December, […]
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India’s CNG infra development in high gear
Posted on November 17, 2023 by Diligentia News in OilGas.India’s auto industry is about to see a big increase in the use of compressed natural gas (CNG) over the next three to four years. One of the reasons for this optimism is the infrastructure of the city gas distribution (CGD) network that has reached over 88 percent of the country’s land mass. In terms […]
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Saudis Could Extend Production Cuts Well Into 2024
Posted on November 16, 2023 by Diligentia News in OilGas.Saudi Arabia may extend its voluntary oil output cuts into the first quarter or the first half of next year, Reuters cited Energy Aspects co-founder Amrita Sen as saying on Wednesday, citing oil prices that are still too high and fundamentals that are still too strong to support a reversal. Sen’s forecast comes as oil […]
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Govt slashes windfall tax on crude oil, diesel
Posted on November 16, 2023 by Diligentia News in OilGas.The Central government on Thursday cut the windfall tax on crude oil from Rs 9,800 per tonne to Rs 6,300 per tonne. It also reduced the windfall tax on diesel from Rs 2 per litre to Rs 1. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude […]
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