Category Archives: OilGas
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India’s gas supply dries up amidst price swings
Posted on July 24, 2025 by Diligentia News in OilGas.India’s gas-fired power sector is facing a severe decline, with its share in the country’s electricity mix falling to just 2% from 13% more than a decade ago largely due to volatile global prices and limited production, according to analysts. Thirty-one gas power plants that accounted for 32% of the nation’s total gas-based generation capacity […]
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U.S. Majors Cash In as Permian Dominance Widens the Oil Gap
Posted on July 23, 2025 by Diligentia News in OilGas.Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. Right now, U.S. oil majors are holding the better hand in the world of E&P. And the reason is simple: they’ve got the Permian, and Europe doesn’t. According to Wood Mackenzie, crude and […]
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New EU Russia curbs may bolster Indian oil refiners’ reliance on traders
Posted on July 23, 2025 by Diligentia News in OilGas.Indian private refiners that have leveraged cheap Russian crude to boost margins will be forced to find workarounds and rely more on traders to find new markets for their products after the latest round of European Union sanctions, traders and industry sources said. Russia is India’s top oil supplier, and refiners such as Reliance Industries […]
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India’s decision to raise oil import from the US is more political than commercial
Posted on July 23, 2025 by Diligentia News in OilGas.President Trump’s trade and tariff tantrums seem to be strongly working on India. The country’s crude oil imports from the United States surged by 51 percent during the first half of the current year ignoring the very high cost of import, including shipping, and travel time from the US ports. The political undercurrents, involving India’s […]
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Oil sans Russia
Posted on July 21, 2025 by Diligentia News in OilGas.India’s confidence in navigating a potential cut-off in Russian oil supplies due to looming secondary sanctions reflects not only geopolitical pragmatism but also the hard lessons of energy security learned over decades. At a time when Western powers are tightening the screws on Moscow, India’s Petroleum and Natural Gas Minister Hardeep Singh Puri has projected […]
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Trump tariffs push Asia toward American LNG at the cost of climate goals
Posted on July 21, 2025 by Diligentia News in OilGas.Asian countries are offering to buy more US liquefied natural gas in negotiations with the Trump administration as a way to alleviate tensions over U.S. trade deficits and forestall higher tariffs. Analysts warn that strategy could undermine those countries’ long-term climate ambitions and energy security. Buying more US LNG has topped the list of concessions […]
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Russia Sanctions: EU Restrictions On Russian Oil Could Hit India’s $15 Billion Fuel Exports; ‘Will Have To Walk A Fine Line…
Posted on July 21, 2025 by Diligentia News in OilGas.Russian oil sanctions by the European Union could dent India’s $15 billion fuel exports, the Global Trade Research Initiative (GTRI) has warned. The EU’s 27 member states have introduced their 18th sanctions package against Russia, primarily targeting the oil and energy sector revenues. From an Indian standpoint, the biggest takeaway is that these new sanctions […]
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PNGRB Price Order: Regulator Tells CGD Firms To Charge One PNG Rate; Warns Against Misuse Of Subsidised Gas
Posted on July 21, 2025 by Diligentia News in OilGas.India’s petroleum regulator has directed city gas distributors to charge a uniform rate for piped natural gas (PNG) supplied to household kitchens, regardless of usage volume. The move comes amid concerns that a tiered pricing system adopted by some firms may be encouraging misuse of subsidised gas and leading to unfair charges for genuine consumers. […]
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Asian Heat Squeezes LNG Flow to Europe
Posted on July 14, 2025 by Diligentia News in OilGas.Peak summer heat across Northeast Asia is prompting a surge in liquefied natural gas (LNG) demand, forcing slower flows to Europe as gas-fired power plants race to meet rising cooling needs, according to Goldman Sachs. The shift is straining European supply and pushing global traders to watch closely. Goldman analysts warn that Asia’s stronger-than-usual weather […]
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Tight Oil Market Shrugs Off Supply Surge
Posted on July 14, 2025 by Diligentia News in OilGas.Crude oil markets have turned out to be tighter than most analysts appeared to expect, and are ready to absorb OPEC+’s higher-than-forecast supply boost next month. For proof, look no further than oil prices after the latest OPEC+ announcement that took traders and analysts by surprise. On Monday, after OPEC+ said it would add more […]
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