Category Archives: OilGas
-
U.S. and Brazil Become Key Oil Suppliers to India
Posted on July 14, 2025 by Diligentia News in OilGas.India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a strategic deepening of ties with non-OPEC suppliers amid heightened global volatility and supply risk recalibrations. According to new data from S&P Global Commodity Insights cited by Indian media outlets, US crude shipments to […]
Continue Reading... No Comments. -
PNGRB wants GST on CNG vehicles to be lowered, no excise on CBG
Posted on July 14, 2025 by Diligentia News in OilGas.From pegging Goods and Services Tax rate on a par with that on electric vehicles to waiving excise duty on compression of natural gas and on the compressed biogas component in the fuel, India’s Petroleum and Natural Gas Regulatory Board (PNGRB) wants for a clutch of changes to accelerate compressed natural gas (CNG) vehicle usage. […]
Continue Reading... No Comments. -
Saudi Oil Exports to China Set to Hit Two-Year High in August
Posted on July 11, 2025 by Diligentia News in OilGas.Crude oil exports from Saudi Arabia to China are seen reaching the highest level in two years in August, Reuters reported today, citing half a dozen unnamed trade sources. The daily average, according to refiner allocation data seen by the publication, stands at 1.56 million barrels, for a total monthly volume of 51 million barrels. […]
Continue Reading... No Comments. -
Oil Prices Set to End the Week Flat Amid Conflicting Signals
Posted on July 11, 2025 by Diligentia News in OilGas.Crude oil prices recouped some of the losses they booked on Thursday today but looked set to end the week with little change, amid tariff worries, OPEC+’s decision to boost supply, and a threat of a diesel shortage in key markets, and the prospect of fresh U.S. sanctions on Russian energy. At the time of […]
Continue Reading... No Comments. -
GAIL pipeline tariffs may see a 20% increase: Exclusive
Posted on July 10, 2025 by Diligentia News in OilGas.India’s state-owned natural gas major, GAIL (India) Ltd., is poised for a significant boost in its pipeline tariffs, with sources indicating a potential increase of nearly 20%. The Petroleum and Natural Gas Regulatory Board (PNGRB) is expected to approve a revised tariff in the range of ₹70 per mmBtu, up from the current rate of […]
Continue Reading... No Comments. -
Petroleum ministry invites suggestions on draft PNG rules
Posted on July 10, 2025 by Diligentia News in OilGas.Union minister of petroleum and natural gas Hardeep Singh Puri urged industry leaders, experts, and citizens to share their feedback on the Draft Petroleum & Natural Gas Rules, the revised Model Revenue Sharing Contract (MRSC), and the updated Petroleum Lease format by July 17, 2025. “We are bringing in a series of pathbreaking policy reforms […]
Continue Reading... No Comments. -
Top Indian Refiner Sees Oil Prices Stabilizing in the $65-70 Range
Posted on July 8, 2025 by Diligentia News in OilGas.State-owned Indian Oil Corporation, the biggest refiner in India, expects international crude oil prices to stabilize in the $65 to $70 per barrel range for the rest of the fiscal year, with potential dips below $65 a barrel, IndianOil chairman AS Sahney told the NDTV Profit outlet on Monday. “There is still some room for […]
Continue Reading... No Comments. -
LNG Boom Hits a Snag in Louisiana’s Crowded Waterways
Posted on July 8, 2025 by Diligentia News in OilGas.As U.S. LNG exporters expand plants and propose new facilities along the Texas and Louisiana coasts, an unlikely domestic bottleneck could delay capacity expansions and growth in America’s LNG exports. Crowded waterways along the Louisiana coast, where many new projects will be located, could create constraints to shipping LNG cargoes out of the U.S. Gulf […]
Continue Reading... No Comments. -
Goldman Sachs Expects Another OPEC+ Superhike in September
Posted on July 7, 2025 by Diligentia News in OilGas.The OPEC+ producers are expected in August to agree on another superhike in production for September that would complete the unwinding of the 2.2 million barrels per day (bpd) output cuts, Goldman Sachs said after the alliance surprised the market with a larger-than-forecast boost for August. The OPEC+ group is set to unwind the last […]
Continue Reading... No Comments. -
Oil Prices Expected to Stay Under $70
Posted on July 7, 2025 by Diligentia News in OilGas.Despite heightened tensions in the Middle East, oil prices are likely to remain capped below $70 per barrel for the rest of the year amid ample supply and uncertainties about demand. Unless actual supply disruptions occur in and around the hotspots in the Middle East, the price of oil will be a function of supply […]
Continue Reading... No Comments.
