Category Archives: OilGas
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Oil Prices Slip Further as Market Remains in Grip of Tariff Fear
Posted on April 29, 2025 by Diligentia News in OilGas.Crude oil prices extended their decline today as traders remained fixated on demand and the impact of the tariff war between the U.S. and China on its future prospects. At the time of writing, Brent crude was trading at $65.41 per barrel, with West Texas Intermediate at $61.63 per barrel, both down from opening. Besides […]
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Oil Prices Down Nearly 2% on Demand, Iran, Tariffs
Posted on April 29, 2025 by Diligentia News in OilGas.Oil prices were trading down 2% intraday, driven by ongoing demand fears combined with perceived progress on Iran nuclear talks and tariff whiplash, which continues to unsettle markets. On Monday, April 28, at 2:57 p.m. ET, Brent crude was paring its 2% daily losses slightly, trading down 1.60% at $65.80, and West Texas Intermediate (WTI) […]
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Biogas sector gets ₹2 billion investment commitments
Posted on April 29, 2025 by Diligentia News in OilGas.The biogas sector has received investment commitments of more than ₹2 billion at renewable energy exhibition RenewX 2025, industry body Indian Biogas Association (IBA) said on Sunday. The three-day expo was held at the Chennai Trade Centre, Nandambakkam from April 23 to 25. The event, organised by Informa Markets, saw investment commitments of ₹2 billion […]
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GreenLine launches LNG truck fleet for Bekaert’s logistics
Posted on April 29, 2025 by Diligentia News in OilGas.GreenLine Mobility Solutions Ltd has launched a fleet of LNG-powered trucks for Bekaert to help decarbonise road logistics. This partnership aligns with India’s vision for a gas-based economy and is part of both companies’ commitments to reduce carbon emissions. The new LNG-powered trucks, deployed at Bekaert’s Ranjangaon Plant, are part of a pilot phase designed […]
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Demand-supply imbalances, weakness in transportation fuel cracks impacted O2C segment: Mukesh Ambani
Posted on April 28, 2025 by Diligentia News in OilGas.Mukesh Ambani-led Reliance posting a 2% YoY rise in profit saw its oil-to-chemicals segment results were impacted due to significant weakness in transportation fuel cracks, the company said. “Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins,” said Mukesh Ambani. Oil-to-chemical business, which houses the company’s twin refineries at Jamnagar in […]
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Three more Russian insurers seek India’s approval to provide cover for oil tankers, sources say
Posted on April 28, 2025 by Diligentia News in OilGas.Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain deliveries despite Western sanctions. India has already approved five insurers from Russia, which has no […]
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India cuts LNG buying as other fuels become more attractive
Posted on April 28, 2025 by Diligentia News in OilGas.Buyers including Gail India Ltd. and Indian Oil Corp. canceled LNG purchase tenders due to high prices, according to people with knowledge of the matter who didn’t wish to be named due to the sensitivity of the trade. India’s LNG imports this month are estimated to average 1.9 million tons, down 5% from the same […]
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India Considers Allowing Foreign Investment in Nuclear Plants
Posted on April 28, 2025 by Diligentia News in OilGas.As India looks to boost its nuclear power generation, the government is considering allowing foreign companies to own up to a 49% stake in Indian nuclear power plants, government sources told Reuters on Friday. Even if India passes amendments in its nuclear foreign investment laws to allow up to 49% foreign stakes, any foreign investment […]
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U.S. Shale M&A Hits the Brakes as Oil Slides and Tariffs Bite
Posted on April 28, 2025 by Diligentia News in OilGas.Mergers and acquisitions in the U.S. shale industry got off to a strong start this year. Oil was trading at pretty reasonable prices—unless you’re OPEC—there was a pro-oil president in the White House, and the outlook was bright. For a while. Then, prices took a dive, markets panicked about tariffs, and everyone started predicting economic […]
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Oil Prices Tick Higher Despite Tariff Talks Confusion
Posted on April 28, 2025 by Diligentia News in OilGas.Crude oil prices started trading this week with a gain despite mixed signals from Washington regarding tariff negotiations with China. At the time of writing, Brent crude was trading at $67.03 per barrel, with West Texas Intermediate at $63.22 per barrel, after Treasury Secretary Scott Bessent said on Sunday he was not involved in any […]
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