Category Archives: OilGas
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India imports 37.4 T Green Ammonia from Egypt through VOC Port for the first time
Posted on September 28, 2023 by Diligentia News in OilGas.India has imported 37.4 tonnes of Green Ammonia from Damietta Port in Egypt for the first time, said a statement released by the Ministry of Ports, Shipping and Waterways on Wednesday. “On September 23, 2023, V.O. Chidambaranar Port Authority, Tamil Nadu successfully handled 3×20 ISO Green Ammonia Containers, weighing 37.4 tons of Green Ammonia, from […]
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Russian oil sold to India at 30% above Western price cap: Traders
Posted on September 28, 2023 by Diligentia News in OilGas.Russia is selling oil to India at nearly $80 per barrel, some $20 above the Western price cap, traders said and Reuters calculations showed, as tight global oil markets help Moscow generate strong appetite for its exports. Russia’s main export grade Urals has been trading above the $60 per barrel Western price cap since mid-July […]
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No investment in new coal, oil, natural gas should be made: IEA
Posted on September 28, 2023 by Diligentia News in OilGas.As per updated report to its Net Zero Roadmap published by International Energy Agency on Tuesday, the path to 1.5 ̊C has narrowed, but clean energy growth is keeping it open. As per the roadmap, there is no need for investment in new coal, oil and natural gas. Global carbon dioxide (CO2) emissions from the […]
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Revenue loss still a road block to fuel GST
Posted on September 28, 2023 by Diligentia News in OilGas.Petroleum products are unlikely to be brought under the Goods and Services Tax (GST) anytime soon, as doing so can cause states’ fiscal deficit to balloon, while also widening revenue losses for the Centre, two senior government officials told Mint. The total taxation on petrol and diesel, including state-levied value-added tax (VAT) and the centre’s […]
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Govt planning performance review of CGD networks, gas pipelines, petroleum product pipelines
Posted on September 28, 2023 by Diligentia News in OilGas.India’s downstream Oil & Gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), is planning a thorough performance review of the country’s City Gas Distribution (CGD) networks, natural gas pipelines, and petroleum product pipelines. The idea is to study the natural gas infrastructure from the point of view of demand, supply and gaps in performance, […]
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U.S. Oil Price Hits Highest Level In 13 Months
Posted on September 28, 2023 by Diligentia News in OilGas.The benchmark U.S. oil price rose early on Thursday to the highest level since August 2022, extending Wednesday’s surge as U.S. commercial inventories continue to decline more than expected. WTI Crude prices exceeded $95 per barrel in early Asian trade on Thursday, hitting the highest price level in 13 months. The international benchmark, Brent Crude, […]
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Oil prices rise as supply concerns outweigh demand fears
Posted on September 25, 2023 by Diligentia News in OilGas.Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global oil supply outweighed fears that further possible U.S. interest rate hikes could dent fuel demand, but they were still headed for a weekly loss in four. Brent futures for climbed 21 cents, or 0.2%, to $93.51 a barrel […]
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India to get its first green hydrogen fuel cell bus
Posted on September 25, 2023 by Diligentia News in OilGas.Union Minister of Petroleum and Natural Gas Hardeep Singh Puri is all set to inaugurate India’s first green hydrogen fuel cell bus at Kartavya Path in Delhi on Monday. According to Press Information Bureau (PIB), the initiative is part of Indian Oil’s efforts to conduct operational trials on designated routes in Delhi, Haryana, and Uttar […]
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How The Transition Push Contributed To Higher Oil Prices
Posted on September 25, 2023 by Diligentia News in OilGas.Earlier this week, Morgan Stanley said in a note that all signals for crude all were “flashing tightness”. The investment bank joined a growing number of forecasters expecting Brent crude to top $100 per barrel before the year’s end, again. What all these forecasters have in common is that all of them point out a […]
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Everyone wants a pie of India’s largest renewable power producer
Posted on September 25, 2023 by Diligentia News in OilGas.French energy giant TotalEnergies SE’s USD 300 million investment in clean energy projects of Adani Green Energy Ltd has taken the total investments poured in by global investors in India’s largest renewable power producer to USD 1.63 billion or about Rs 140 billion, sources close to the company said. Last week, Total announced it will […]
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