Category Archives: OilGas
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The US Remained World’s Largest Liquefied Natural Gas Exporter In 2024 – Analysis
Posted on April 22, 2025 by Diligentia News in OilGas.The United States exported 11.9 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) in 2024, remaining the world’s largest LNG exporter. LNG exports from Australia and Qatar—the world’s two next-largest LNG exporters—have remained relatively stable over the last five years (2020–24); their exports have ranged from 10.2 Bcf/d to 10.7 Bcf/d annually, […]
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ADNOC Secures Major LNG Supply Deals with Chinese Buyers
Posted on April 22, 2025 by Diligentia News in OilGas.China’s ENN Natural Gas and state-run Zhenhua Oil have each signed long-term liquefied natural gas (LNG) supply agreements with the Abu Dhabi National Oil Company (ADNOC), expanding the UAE’s energy footprint in Asia. ENN Natural Gas announced on Saturday that it will receive 1 million metric tons of LNG annually from ADNOC for 15 years—marking […]
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India’s oil basket price at 47-month low of $68.34 a barrel in April
Posted on April 22, 2025 by Diligentia News in OilGas.The average price of the Indian basket of crude oil has fallen to a 47-month low of $68.34 per barrel so far in April. This marks a 5.6 per cent drop from March’s $72.47 per barrel, and is the lowest level since May 2021, when global prices plummeted amid the economic turmoil triggered by the […]
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CNG & LNG Commercial Vehicle Market Poised for Rapid Expansion by 2032 – Persistence Market Research
Posted on April 21, 2025 by Diligentia News in OilGas.The global shift toward greener transportation is driving rapid growth in the CNG (Compressed Natural Gas) and LNG (Liquefied Natural Gas) commercial vehicle market. With rising environmental concerns and a collective push to reduce carbon emissions, both government bodies and commercial vehicle manufacturers are increasingly investing in sustainable fuel alternatives to diesel and petrol. Natural […]
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Beijing Warns Against U.S. Trade Deals That Harm Chinese Interests
Posted on April 21, 2025 by Diligentia News in OilGas.The U.S.-China trade war took another turn toward escalation on Monday as China threatened to retaliate against countries which make trade deals with the United States that would hurt Beijing’s interests. “Appeasement cannot bring peace, and compromise cannot earn one respect,” a spokesperson for the Chinese Commerce Ministry said on Monday. “China firmly opposes any […]
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Oil Prices Begin the Week With a Dip
Posted on April 21, 2025 by Diligentia News in OilGas.Crude oil prices began trade this week with a decline amid diminished hopes for a quick end to the war in the Ukraine and the prospect of lower demand amid the tariff turmoil. News of nuclear deal negotiations between the United States and Iran contributed to the trend. At the time of writing, Brent crude […]
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LPG distributors issue 3-month ultimatum; threaten indefinite countrywide shutdown
Posted on April 21, 2025 by Diligentia News in OilGas.The LPG Distributors Association has warned of an indefinite countrywide strike if its long-pending demands, including a significant hike in distributor commission, are not addressed within the next three months. The warning follows a resolution passed at the national convention of the association held in Bhopal on Saturday. “A proposal has been approved by the […]
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India Attracted $ 36 billion investment from pre-2014 NELP bid rounds: Oil ministry
Posted on April 21, 2025 by Diligentia News in OilGas.India attracted over $36 billion investment from nine NELP bid rounds held before 2014, and has so far yielded 177 oil and gas discoveries, according to a report commissioned by the Petroleum Ministry. Under the New Exploration Licensing Policy (NELP), blocks were awarded to bidders promising maximum exploration, allowing them to recover investments from oil […]
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India targets reducing taxes on US ethane, LPG
Posted on April 21, 2025 by Diligentia News in OilGas.India is preparing to scrap import taxes on U.S. ethane and liquefied petroleum gas (LPG) as part of ongoing trade negotiations with Washington, according to sources familiar with the talks. The plan is aimed at easing India’s tariff load and narrowing its trade surplus with the United States, as pressure mounts on Asian economies to […]
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Russia’s Economy Ministry Lowers 2025 Oil Price Forecast
Posted on April 21, 2025 by Diligentia News in OilGas.Russia’s Economy Ministry has lowered its forecast for oil prices this year in an update for its baseline scenario, reflecting the latest trends on global oil markets. Per the new scenario, Brent crude will average $68 per barrel, down from $81.7 per barrel in the September 2024 scenario, Interfax reported today. The ministry also updated […]
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