Category Archives: OilGas
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BPCL expects Russian crude to form 35% of imports for FY26
Posted on August 18, 2025 by Diligentia News in OilGas.State-owned Bharat Petroleum Corp expects its Russian crude to form 35% of its total imports for the remaining year of FY26 as long as there are no new sanctions on Russian oil, the company said in an analyst call. “We are expecting again the flow (of Russian oil) should come back to normal level of […]
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‘Selective bullying’: US punishes India, but its own trade with Russia grows 20% under Trump
Posted on August 18, 2025 by Diligentia News in OilGas.Even as Washington slaps tariffs on India for buying Russian oil, US trade with Moscow has surged 20 percent since Donald Trump returned to the White House in January 2025. The contradiction was spotlighted at the August 15 Alaska summit, where Trump and Russian President Vladimir Putin met for the first time in a historic […]
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Caught in the Trump-Putin game of chicken: India’s Russian oil imports’ future and options
Posted on August 18, 2025 by Diligentia News in OilGas.The additional tariff announced by US President Donald Trump on import of Indian goods over New Delhi’s hefty Russian oil imports has thrown up questions on the potential consequences for India as it walks a diplomatic tightrope amid trade uncertainties and the unfolding game of chicken between Trump and Russian President Vladimir Putin. The stakes […]
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US may not impose additional 25 percent tariffs on India
Posted on August 18, 2025 by Diligentia News in OilGas.The Donald Trump administration may not impose secondary tariffs on India over purchasing Russian energy, as the US President said that Russia has already lost a key oil client. Speaking to Fox News aboard Air Force One en route to Alaska, Trump said the US may not impose secondary tariffs on countries continuing to buying […]
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GAIL to acquire 49% equity in Leafiniti Bioenergy
Posted on August 14, 2025 by Diligentia News in OilGas.GAIL (India) Limited has signed an agreement to buy 49 per cent of the shares in a company called Leafiniti Bioenergy Private Limited (LBPL). The other 51 per cent will be owned by TruAlt Bioenergy Limited (TBL). This deal, signed on August 11, 2025, aims to create new projects that will produce Compressed Bio Gas […]
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The Gulf calling as India rethinks its oil map beyond Russia
Posted on August 14, 2025 by Diligentia News in OilGas.India is preparing to lean more on West Asian oil suppliers such as Saudi Arabia, the UAE and Iraq, as the United States tightens the screws over its imports of Russian crude, reported Mint citing people familiar with the matter For decades, India’s refiners sourced most of their crude from West Asia. That changed three […]
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TNEB, Indian Oil Corporation discuss gas pipeline connection to five power plants
Posted on August 12, 2025 by Diligentia News in OilGas.The officials of Tamil Nadu Electricity Board (TNEB) and Indian Oil Corporation (IOC) conducted a meeting to discuss direct gas pipeline connectivity to five gas-based power plants in the state. TNEB chairman and managing director J Radhakrishnan, Indian Oil Corporation (IOC) general manager Suman Kumar Mishra and officials took part in the meeting that focused […]
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China cuts Saudi orders for Russian crude while Trump punishes India with steep tariffs
Posted on August 12, 2025 by Diligentia News in OilGas.Chinese refiners are cutting back on orders for Saudi oil, with the decline hinting at a shift in global crude flows as more Russian barrels enter the market, according to Energy Aspects Ltd. The London-based consultant said in an 11 August note that the drop in so-called nominations for September-loading term cargoes from Saudi Aramco […]
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Saudi Crude Shipments to China Poised to Fall in September
Posted on August 11, 2025 by Diligentia News in OilGas.Saudi Arabia will ship lower volumes of its crude to China next month, down from a two-year-high this month, after the Kingdom raised its September prices to Asia for a second consecutive month, Reuters reported on Monday, quoting trade sources at Chinese refiners. Saudi Arabia, the world’s biggest crude oil exporter, is expected to deliver […]
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The crude oil market bets Trump’s India threats are hollow
Posted on August 11, 2025 by Diligentia News in OilGas.The crude oil market’s rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India’s imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due […]
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