Category Archives: OilGas
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Donald Trump Snubs India, Signs Oil Deal With Pak. What Does This Mean?
Posted on August 1, 2025 by Diligentia News in OilGas.After announcing a 25 per cent ‘reciprocal tariff’ on his “friend” India, plus a penalty for buying Russian weapons and oil, Donald Trump said Thursday the US had struck a trade deal with Pakistan, including plans to develop its “massive” oil reserves. A disgruntled Trump also took a shot at India – “maybe they (Pak) […]
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India oil refiners squeezed by anti-Russia push from US and EU
Posted on July 31, 2025 by Diligentia News in OilGas.India’s oil refiners have been thrown into disarray after President Donald Trump cited their purchases of Russian crude as a reason for imposing hefty 25% import tariffs on all goods from the Asian nation. The processors, who have become heavily dependent on cut-price Russian energy over the past few years, were already dealing with a […]
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Oil Prices Hold Gains Amid Tariff Threats and Trade Turmoil
Posted on July 31, 2025 by Diligentia News in OilGas.Oil prices traded flat on Thursday in Asian markets, holding on to gains from earlier in the week as traders continued to weigh intensifying geopolitical risks and new tariff deals that could reshape global crude flows. As of Thursday morning in Asia, WTI crude had dipped to $69.99 per barrel and Brent crude was trading […]
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Oil Prices Remain Elevated as Traders Brace for Volatile Week
Posted on July 30, 2025 by Diligentia News in OilGas.Oil prices held onto recent gains in early Asian trading on Wednesday, buoyed by a complex mix of geopolitical risks, tightening trade policies, and anticipation surrounding the U.S. Federal Reserve’s upcoming interest rate decision. After surging more than 3% on Tuesday, both major crude benchmarks saw modest gains in early Asian trade. At the time […]
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Indian Gas Giant Seeks U.S. LNG Cargo Swap
Posted on July 30, 2025 by Diligentia News in OilGas.State-controlled natural gas firm GAIL (India) is looking to swap six U.S.-origin LNG cargoes with six cargoes for delivery to India in a tender running until August 6, industry sources told Reuterson Tuesday. GAIL (India) is offering cargoes loading every other month in 2026, beginning in February and ending in December, on a free-on-board (FOB) […]
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India’s Nayara Cuts Oil Refinery Run Rate After EU Sanctions
Posted on July 30, 2025 by Diligentia News in OilGas.Nayara Energy is reducing run rates at its west India refinery as more domestic and global players spurn the refiner after EU imposed sanctions on the company. The 400,000 barrel-a-day Vadinar refinery is currently operating at about 70%-80%, said the people, who asked not to be named due to the sensitivity of the matter. Across […]
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India’s Russian oil worries
Posted on July 30, 2025 by Diligentia News in OilGas.The European Union’s 18th sanctions package (July 2025) significantly tightens financing restrictions on Russian oil and other energy resources from Moscow. And no sooner were the sanctions made public, debates and discussions on what happens to a buyers like India have started. But India has now sturdily expanded its energy basket, while pushing for more […]
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CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say
Posted on July 28, 2025 by Diligentia News in OilGas.Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday. The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions […]
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Indian refiners look more widely for oil after EU’s Russia curbs
Posted on July 28, 2025 by Diligentia News in OilGas.Oil refiners in India, the biggest importer of Russian crude, may be looking at diversifying some buying away from Moscow after fresh European Union sanctions on the Kremlin amid the war in Ukraine. Local processors are exploring options on some inputs, although it’s too early to say that they’ve switched out of typical Russian supply […]
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India’s top gas importer Petronet seeks Rs 12,000 crore loan
Posted on July 28, 2025 by Diligentia News in OilGas.India’s top gas importer, Petronet LNG, is looking to raise a 120 billion rupee (about $1.4 billion) local currency loan to fund the expansion of a plant, its head of finance, Saurav Mitra, said in an analyst call on Monday. The company is building a petrochemical plant in India’s western state of Gujarat at the […]
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