Category Archives: OilGas
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China Continues to Buy a Lot of Iranian Crude Oil
Posted on July 2, 2025 by Diligentia News in OilGas.Chinese refiners continue to buy high volumes of crude oil from Iran, with first-half imports at the major port clusters estimated at nearly 1.4 million barrels per day (bpd), according to oil flow tracking data from Kpler cited by Bloomberg. Ports near industrial clusters Qingdao, Dalian, and Zhoushan are importing crude from Iran in several […]
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ONGC in talks with Saudi Arabia on new refinery
Posted on July 1, 2025 by Diligentia News in OilGas.India’s state-owned Oil and Natural Gas Corporation (ONGC) is reportedly in talks with Saudi Arabia to develop a greenfield refinery in Gujarat, the home state of Indian Prime Minister Narendra Modi. The proposed coastal refinery will be set up in Jamnagar district through a joint venture company, an unnamed government official told moneycontrol.com, an Indian […]
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Commercial LPG cylinder price cut by Rs 58.50 from today, ATF price hiked
Posted on July 1, 2025 by Diligentia News in OilGas.Oil marketing companies have cut the price of 19 kg commercial LPG gas cylinders by Rs 58.50, effective 1 July. In Delhi, this brings the new price down to Rs 1,665 per cylinder. Meanwhile, price of jet fuel (ATF) was sharply increased by 7.5 per cent after three rounds of price cuts. Aviation turbine fuel […]
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APM gas price hits ceiling of $6.75 per mmBtu
Posted on July 1, 2025 by Diligentia News in OilGas.he price of natural gas used for producing CNG for vehicles and cooking gas was raised 5 per cent for July, following a surge in oil prices triggered by Israel’s military strike on Iran. As part of the monthly revision, the price of natural gas from legacy fields operated by state-owned companies was increased to […]
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Russia’s Rosneft Oil Company in early talks with Reliance to sell stake in India unit
Posted on June 30, 2025 by Diligentia News in OilGas.Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned […]
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Russia Tries Again to Expand LNG Exports Upended by Sanctions
Posted on June 30, 2025 by Diligentia News in OilGas.Russia is taking another crack at expanding exports of liquefied natural gas after US sanctions stalled efforts last year. An LNG vessel has docked at the Arctic LNG 2 export facility for the first time since October, according to ship-tracking data compiled by Bloomberg and satellite images. The facility was supposed to be a cornerstone […]
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Middle East Oil Disruption Risk Plunges to 4%
Posted on June 27, 2025 by Diligentia News in OilGas.The risk of crude oil supply disruption in the Middle East has dropped to just 4%, according to options traders, Goldman Sachs said in a new note, after Israel and Iran agreed to a ceasefire earlier in the week. The bank’s analysts reported that options traders now see a 60% chance for Brent crude to […]
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Oil Prices Set For Weekly Loss as War Premium Evaporates
Posted on June 27, 2025 by Diligentia News in OilGas.Crude oil prices were set to end the week lower than they started it as Israel and Iran stopped bombing each other, alleviating fears of a supply disruption in the Middle East. At the time of writing, Brent crude was trading at $68 per barrel, with West Texas Intermediate at $65.55 per barrel. That’s down […]
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ONGC well in Assam capped after 16 days of gas leakage: Hardeep Singh Puri
Posted on June 27, 2025 by Diligentia News in OilGas.Union Minister Hardeep Singh Puri on Friday said ONGC has successfully capped the blowout of its crude oil well in Assam’s Sivasagar district after 16 days of gas leakage from there. He said the capping was done without any injury, casualty or fire. “ONGC has successfully capped the blowout of well RDS#147A at 1115 hours […]
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Domestic natural gas price to hit govt ceiling in July
Posted on June 27, 2025 by Diligentia News in OilGas.Domestic natural gas price is set to rise to the government-set ceiling of $6.75 per mmbtu next month, from $6.41 currently, as the rate is linked to crude prices, which surged this month due to the Iran conflict. The Centre revises the Administered Price Mechanism (APM) rate every month based on the average crude price […]
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