Category Archives: OilGas
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Oil Prices Slip Despite U.S.-China Talks
Posted on June 11, 2025 by Diligentia News in OilGas.Crude oil prices moved lower earlier today even after the latest round of talks between the United States and China on trade yielded positive results, as traders adopted a wary stance on the news. At the time of writing, Brent crude was trading at $66.82 per barrel and West Texas Intermediate was changing hands for […]
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Alaska LNG promises gas cheaper to Asia and Europe than on the American stock exchange
Posted on June 10, 2025 by Diligentia News in OilGas.The multibillion-dollar LNG project in Alaska is trying to attract investors and declares that the cost of gas will be lower than on the American Henry Hub exchange. Until recently, investors were in no hurry to visit Alaska, but Donald Trump’s threats to impose import duties forced companies in major Asian countries to reconsider their […]
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Asian LNG spot market prices dip amid weak demand and high inventories
Posted on June 10, 2025 by Diligentia News in OilGas.Prices on the Asian LNG spot market slid for the first time in five weeks, Reuters reported on June 6. Weak demand in the region saw the average LNG price for July delivery fall to $12.30 per million British thermal units (mmBtu). It marks a slight dip from $12.40/mmBtu a week earlier High inventory levels, […]
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India targets 1,000 hydrogen-powered buses and trucks by 2030
Posted on June 10, 2025 by Diligentia News in OilGas.The Indian government has announced plans to deploy at least 1,000 hydrogen-powered trucks and buses by 2030. The government has identified hydrogen as a more practical solution for long-distance freight trucks, offering key advantages over battery-electric alternatives, especially in terms of preserving cargo space and enabling faster refuelling. Abhay Bakre, Mission Director of India’s National […]
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India’s Oil & Gas Sector Poised For Steady Growth Through FY26-27 Despite Market Volatility: Research
Posted on June 10, 2025 by Diligentia News in OilGas.India’s oil and gas sector is projected to maintain robust growth through FY26 and FY27, despite recent market turbulence, according to a research note by Systematix Institutional Equities. The brokerage expects that India’s oil and gas companies are likely to post average sales growth of 6 per cent in FY26 and 7.8 per cent in […]
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Saudi, Russia, Iraq, UAE boost oil supply to India, capture 78% market share
Posted on June 9, 2025 by Diligentia News in OilGas.India’s top four oil suppliers Saudi Arabia, Russia, Iraq, and the UAE all key OPEC+ members, have sharply increased crude shipments to India, collectively supplying an additional 375,000 barrels per day (bpd) in May compared to April. Their combined market share in India, the world’s third-largest oil consumer, has now reached about 78%. According to […]
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India delivers LPG to over 330 million consumers after booking within hours: Hardeep Puri
Posted on June 9, 2025 by Diligentia News in OilGas.Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced on World LPG Day that over 330 million consumers in India now receive LPG cylinders delivered to their homes within hours of booking. This achievement reflects the government’s ongoing efforts to provide clean cooking fuel across the country. Puri praised the Pradhan Mantri Ujjwala […]
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India’s GAIL sells LNG cargo as early monsoons cause weak power demand: Sources
Posted on June 9, 2025 by Diligentia News in OilGas.GAIL (India) Ltd has re-sold one liquefied natural gas (LNG) cargo this week, said three market sources on Friday, as the state-run firm’s storage tanks for the fuel are full amid weak power demand in India. Fewer LNG imports by GAIL, the country’s largest gas distributor, could reduce India’s overall appetite for the super-chilled fuel. […]
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Oil Prices Set For Another Weekly Gain
Posted on June 6, 2025 by Diligentia News in OilGas.Crude oil prices were set for a weekly gain despite a slide earlier today, mostly on renewed optimism about U.S.-Chinese trade negotiations but also on supply uncertainty in Venezuela in Iran. At the time of writing, Brent crude was trading at $65.15 per barrel, with West Texas Intermediate at $63.18 per barrel, following President Trump’s […]
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India’s Green Hydrogen Bet Gets a $5.6B Boost
Posted on June 6, 2025 by Diligentia News in OilGas.India is advancing efforts to boost renewable energy use even as the world’s third-largest crude oil importer is leading global oil demand growth. Indian Oil Corporation, the country’s top refiner, plans to replace fossil fuel-made hydrogen with green hydrogen – made from electrolysis – at one of its refineries. Indian Oil has recently finalized the […]
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