Category Archives: OilGas
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Iraq Accelerates This Oil Megaproject To Meet 7 Million Bpd Production Target
Posted on June 25, 2025 by Diligentia News in OilGas.Even before the latest potentially game-changing developments began involving its longtime financial, political, and military ally Iran, it was clear that Iraq needed to focus more on the independent development of its own resources — most notably in energy — for its future. In the weeks leading up to the Western-backed Israeli attacks on Iran, […]
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Iran-Israel War Prompts China to Reconsider Russia’s Gas Pipeline Proposal
Posted on June 25, 2025 by Diligentia News in OilGas.The war between Israel and Iran has spark worry about energy supply security in Beijing, and a greater interest in the Power of Siberia 2 pipeline—a project proposed by the Russian side, on which the Chinese side has been in no hurry to make a decision. The Wall Street Journal reported the news, citing unnamed […]
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How India uses underground caves to store crude oil for crisis
Posted on June 25, 2025 by Diligentia News in OilGas.It is feared that Iran might attempt to disrupt the Strait of Hormuz amid the ongoing conflict with Israel and the US. This could result in supply shortages and a surge in oil prices, and impact India, the world’s top crude importer, like other buyers. Amid fears of a wider conflict following Israeli and US […]
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GAIL to invest ₹8.44 billion in expanding gas pipeline capacity
Posted on June 25, 2025 by Diligentia News in OilGas.State-owned gas utility GAIL (India) Ltd on Monday said it will invest ₹8.44 billion in expanding Dahej-Uran-Dabhol-Panvel natural gas pipeline capacity to meet increased energy demand. The DUPL-DPPL network, the name Dahej-Uran-Dabhol-Panvel natural gas pipeline network is referred to, currently has 19.9 million standard cubic metres per day capacity. This is being expanded to 22.5 […]
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India’s ethanol blending push faces US trade pressure
Posted on June 11, 2025 by Diligentia News in OilGas.India’s ethanol blending programme—once held up as a model of clean energy transition—is now facing a complex web of domestic bottlenecks and international pressure. After achieving the 20% blending target ahead of the March 2025 deadline, policymakers were expected to raise the bar to 30% by 2030. But those ambitions are now under threat, not […]
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GAIL Ranchi commenced offtake of Coal Bed Methane in Jharkhand
Posted on June 11, 2025 by Diligentia News in OilGas.Indian state-owned energy corporation, GAIL’s City Gas Distribution Ranchi, has commenced the offtake of Coal Bed Methane (CBM) from the North Karanpura CBM Block in Jharkhand, marking a major milestone in harnessing indigenous energy resources. This development reinforces our commitment to enhancing local energy security while supporting the Government of India’s vision of promoting clean, […]
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BofA: The Saudis Are Readying for a Long Oil Price War
Posted on June 11, 2025 by Diligentia News in OilGas.Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom […]
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Oil Prices Slip Despite U.S.-China Talks
Posted on June 11, 2025 by Diligentia News in OilGas.Crude oil prices moved lower earlier today even after the latest round of talks between the United States and China on trade yielded positive results, as traders adopted a wary stance on the news. At the time of writing, Brent crude was trading at $66.82 per barrel and West Texas Intermediate was changing hands for […]
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Alaska LNG promises gas cheaper to Asia and Europe than on the American stock exchange
Posted on June 10, 2025 by Diligentia News in OilGas.The multibillion-dollar LNG project in Alaska is trying to attract investors and declares that the cost of gas will be lower than on the American Henry Hub exchange. Until recently, investors were in no hurry to visit Alaska, but Donald Trump’s threats to impose import duties forced companies in major Asian countries to reconsider their […]
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Asian LNG spot market prices dip amid weak demand and high inventories
Posted on June 10, 2025 by Diligentia News in OilGas.Prices on the Asian LNG spot market slid for the first time in five weeks, Reuters reported on June 6. Weak demand in the region saw the average LNG price for July delivery fall to $12.30 per million British thermal units (mmBtu). It marks a slight dip from $12.40/mmBtu a week earlier High inventory levels, […]
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