Category Archives: OilGas
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CNG sales volume grows 51% in 6 months to March
Posted on August 17, 2023 by Diligentia News in OilGas.City gas companies have grown their super-profitable CNG sales volume at a faster rate in the past two years than the less profitable segment of gas supplies meant for homes City gas distributors sold 19.4 million metric standard cubic meters a day (mmscmd) of CNG in six months to March 2023, up 51% from October […]
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China’s Oil Imports From Iran Set To Hit Decade-High In August
Posted on August 16, 2023 by Diligentia News in OilGas.China is expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the highest since 2013, per estimates from data intelligence firm Kpler cited by Bloomberg. During the period January to July 2023, China received on average 917,000 bpd of oil from Iran, according to Kpler’s […]
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Woodside Energy Reports Positive Progress In LNG Strike Talks
Posted on August 16, 2023 by Diligentia News in OilGas.Talks between workers and LNG producers in Australia are continuing this week although there is talk of positive progress. Woodside Energy, one of the companies risking LNG supply disruptions due to potential industrial action, said negotiations with trade unions had resulted in some “positive progress”, as quoted by Reuters. On the other hand, the unions […]
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India fuel sales slow due to monsoon rains, shows prelim data
Posted on August 16, 2023 by Diligentia News in OilGas.Indian state retailers’ gasoline and diesel sales fell in the first half of August from the previous month and a year ago, preliminary sales data showed on Wednesday, as industrial activity and mobility was hit due to monsoon rains. Fuel demand in India, the world’s third-biggest oil importer and consumer, typically falls during the four-month […]
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The Real Reason Russia Is Ramping Up Oil Production In Iraq
Posted on August 16, 2023 by Diligentia News in OilGas.Russia took control of the oil sector of the semi-autonomous region of Kurdistan (KRI) in northern Iraq in 2017 for four key reasons, as analysed in depth in my new book on the new global oil market order. First, the KRI has significant oil and gas reserves. Second, its troublesome relationship with southern Iraq, governed […]
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India makes first crude oil payment to UAE in local currency
Posted on August 16, 2023 by Diligentia News in OilGas.India and the United Arab Emirates have initiated a paradigm shift in their bilateral trade dynamics by instituting transactions denominated in their respective domestic currencies. Notably, India’s leading petroleum refiner, Indian Oil Corp, recently concluded a transaction wherein it conducted payment in rupees for the procurement of one million barrels of oil from the Middle […]
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Angola LNG offers September cargo
Posted on August 16, 2023 by Diligentia News in OilGas.State-owned Angola LNG is offering a cargo for delivery over 29 August to 26 September for loading from its 5.2mn t/yr Soyo liquefaction facility, through a tender closing on 16 August. The cargo is being offered on a des basis to various destinations within the Atlantic basin, Europe, Indonesia, Malaysia, Singapore and Thailand. It can […]
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India’s imports from Russia doubled to $20.45 bn in April-July period
Posted on August 16, 2023 by Diligentia News in OilGas.India’s imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data. With this, Russia has become India’s second largest import source during the first four months of this fiscal The imports […]
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India hikes windfall tax on crude petroleum to Rs 7,100 per tonne
Posted on August 16, 2023 by Diligentia News in OilGas.The Indian government on Monday increased the windfall tax on crude petroleum to Rs 7,100 per tonne from Rs 4,250 per tonne with effect from August 15, according to the notification of Finance Ministry Along with crude petroleum, Special Additional Excise Duty (SAED) on diesel will also see a rise. It will be hiked to […]
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India Raises Concerns Over Volatility in Global Oil Prices
Posted on August 11, 2023 by Diligentia News in OilGas.India, the world’s third largest oil importer and consumer, has expressed its concerns about the volatility of global oil prices to major oil producers and organizations, according to Indian Oil Minister Hardeep Singh Puri. The Indian government has been engaging in bilateral discussions with oil-producing countries, as well as with the Organization of the Petroleum […]
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