Category Archives: OilGas
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Private players win big in new E&P round
Posted on April 21, 2025 by Diligentia News in OilGas.For both public and private players in the oil and gas exploration and production (E&P) business, April 15, 2024, could well go down as a new dawn for the sector. As Hardeep Singh Puri, Minister of Petroleum and Natural Gas, argued: “The Indian hydrocarbon sector is entering a new era of accelerated exploration and development […]
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EU Considers Lifting Methane Requirements for U.S. LNG
Posted on April 21, 2025 by Diligentia News in OilGas.The European Union is considering what Reuters called tweaks to its methane emissions regulation in order to stimulate higher LNG imports from the United States, the publication has reported, citing unnamed sources in the know. The goal, per these sources, was to allow for “equivalent” methane standards to be applicable to U.S. liquefied natural gas […]
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Asia Offers to Buy More U.S. Energy to Avoid Steep Tariffs
Posted on April 17, 2025 by Diligentia News in OilGas.Most Asian countries are racing to pledge increased imports of U.S. energy to avoid the high tariffs slapped on them in early April. Delegations from many Asian countries are heading to Washington D.C. these days to discuss the U.S. tariffs, now suspended for 90 days, which are the highest for economies in Asia and Southeast […]
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Sanctioned Russian Oil Exports to China Jump as STS Transfers Rise
Posted on April 17, 2025 by Diligentia News in OilGas.Chinese imports of Arctic Russian crude grades are on the rise as ship-to-ship (STS) transfers from sanctioned vessels on non-sanctioned tankers offshore Malaysia and Singapore are booming, according to traders and analysts. The Biden Administration’s farewell sanctions on Russian oil trade and exports sanctioned dozens of vessels carrying the ARCO, Novy port, and Varandey crudes […]
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Oil Prices Are Recovering, But Can Exporters Outlast the Tariff Circus?
Posted on April 17, 2025 by Diligentia News in OilGas.Oil prices have been on the mend this week after taking a dive following President Trump’s global tariff offensive launch. Yet they still have a long way to go to return to where they were just four months ago—and many oil-exporting countries can’t wait for this to happen. The question is, will it? For now, […]
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Assessing the viability of LNG trucks
Posted on April 17, 2025 by Diligentia News in OilGas.India is considering liquefied natural gas (LNG) fuelled trucks as the long-haul road freight solution to replace the highly polluting diesel trucks. While there is little doubt that diesel trucks, a primary source of freight transport in India, require a cleaner alternative, the conundrum for policymakers is which technology to adopt – LNG trucks or […]
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Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas
Posted on April 17, 2025 by Diligentia News in OilGas.The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel. GAIL (India) Ltd, the state-owned nodal agency for gas supply, has intimated about a cut […]
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China’s US Decoupling Collapses Trade in Key Petroleum Product
Posted on April 16, 2025 by Diligentia News in OilGas.It’s been just days since China responded to US tariffs with its own set of eye-watering levies, but one corner of the petroleum market is already in crisis as bilateral trade collapses between the two heavyweights. The price of propane, a type of liquefied petroleum gas, has plummeted in the US because selling to China, […]
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India’s 2025 Oil product demand expected to average 5.8 million barrels per day says OPEC
Posted on April 16, 2025 by Diligentia News in OilGas.Organization of the Petroleum Exporting Countries or OPEC noted that in February, India’s oil demand inched up by 28 thousand barrels (tb) per day (d), y-o-y, down from growth of 132 tb/d, y-o-y, seen the previous month. The largest monthly increases in oil product demand were recorded in transportation fuels, including gasoline and diesel. Gasoline […]
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India to set fresh target of 30 per cent ethanol blending in petrol by 2030: Report
Posted on April 16, 2025 by Diligentia News in OilGas.India is preparing to set a new target of 30 percent ethanol blending in petrol by 2030, after successfully reaching the 20 percent mark by March this year, reported Business Standard citing sources. The original goal of 20 percent blending was initially planned for 2030 but was later advanced to the 2025-26 ethanol supply year […]
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