Category Archives: OilGas
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‘Pissed with Putin,’ Donald Trump threatens tariffs on Russian oil exports; India, China in crossfire
Posted on April 1, 2025 by Diligentia News in OilGas.President Donald Trump has threatened to impose a second wave of sanctions on Russian oil exports, which could have profound implications for countries like India and China, which have grown reliant on Russian oil since the onset of the Ukraine war. Trump’s comments, made during a phone interview with NBC News, suggest that the US […]
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Regulator proposes tweak in pipeline tariffs; CNG and piped gas to be charged lowest rate
Posted on April 1, 2025 by Diligentia News in OilGas.In a significant change to regulations, oil and gas regulator PNGRB has proposed a new policy of how tariffs for pipelines carrying gas to users will be determined, and proposed charging city gas entities selling CNG and piped cooking gas to households at the lowest rates. The Petroleum and Natural Gas Regulatory Board (PNGRB) has […]
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India raises local gas price from oil fields by 4%
Posted on April 1, 2025 by Diligentia News in OilGas.India has increased the price of locally produced gas from oil fields by almost 4% to $6.75 per million metric British thermal units (mmBtu) for April, as compared to the previous month’s price of $6.50 per mmBtu, according to a government website update on Monday. This is the first adjustment in two years for the […]
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India’s Natural Gas Demand Can Double By 2030: PNGRB
Posted on March 28, 2025 by Diligentia News in OilGas.India’s natural gas demand is increasing and can nearly double by 2030 if growth factors remain strong, said Petroleum and Natural Gas Regulatory Board (PNGRB) chairman Anil Kumar Jain on Wednesday. The city gas distribution (CGD) network is expected to be the primary growth driver, he said at the 2nd PNGRB national conclave on natural […]
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India Set to Unlock Vast Oil Reserves with Multi-Billion Dollar Investments
Posted on March 27, 2025 by Diligentia News in OilGas.India is preparing to capitalize on its vast untapped oil reserves as part of a bold strategy to strengthen its domestic oil production and reduce its reliance on costly imports. Amid mounting trade pressures from the U.S. and concerns over President Donald Trump’s ongoing tariff policy, which has already led to significant trade restrictions on […]
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Deferred EU Ban On Transshipment of Russian LNG In Force Today
Posted on March 27, 2025 by Diligentia News in OilGas.An EU ban on transshipment of Russian liquefied gas (LNG) in ports introduced in June 2024, with a deferral granted until March 26, 2025, has finally come into force. The sanctions also prohibit EU countries from providing technical support, brokerage services, and financing for transshipment operations. Similar to previous sanctions, the import ban is intended […]
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Dallas Fed Survey Respondents Bearish on Short Term Oil Prices
Posted on March 27, 2025 by Diligentia News in OilGas.The latest Dallas Fed Energy Survey has revealed that activity in the oil and gas sector increased slightly in the first quarter of 2025. The survey found that U.S. oil and gas production increased slightly in the first quarter, with the oil production index moving up from 1.1 in the fourth quarter to 5.6 in […]
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Oil Prices Gain On Venezuela Tariffs
Posted on March 27, 2025 by Diligentia News in OilGas.Oil prices rallied in Wednesday’s session, a day after U.S. President Donald Trump announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States. Trump claims that Venezuela has sent “tens of thousands” of people to the U.S. who have a “very violent […]
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GAIL gets Petroleum and Natural Gas Regulatory Board nod to expand key pipeline
Posted on March 27, 2025 by Diligentia News in OilGas.GAIL (India) Limited on Wednesday, March 26, said it has received the Petroleum and Natural Gas Regulatory Board’s (PNGRB) approval for the capacity augmentation of its Dahej-Uran-Dabhol-Panvel Natural Gas Pipeline (DUPL-DPPL) network. The approval allows GAIL to increase the capacity of the pipeline from the existing 19.9 million metric standard cubic metre (MMSCMD) per day […]
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UAE loses out as India opts for cheaper Russian naphtha
Posted on March 25, 2025 by Diligentia News in OilGas.The UAE, led by Abu Dhabi, has lost its position as India’s biggest supplier of the refined crude oil product naphtha as discounted Russian cargoes flood the market. Naphtha has many uses including as a precursor to gasoline and other liquid fuels, and as solvents or diluents for paints and the rubber industry. India is […]
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