Category Archives: OilGas
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Russia’s ESPO Blend crude finds new market in India amid China dip
Posted on April 30, 2025 by Diligentia News in OilGas.Chinese firms, India’s ESPO Blend crude oil imports from Russia reached their peak since August 2024 in April, Reuters quoted data from LSEG and traders in a report. ESPO Blend is Russia’s primary light sweet crude oil grade, a significant component of its energy exports. This particular blend is loaded onto tankers at the Kozmino […]
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Woodside Greenlights Louisiana LNG
Posted on April 29, 2025 by Diligentia News in OilGas.Woodside Energy has announced the final investment decision for the Louisiana LNG project and plans to start production in 2029. The facility is designed to have three liquefaction trains with a total capacity of 16.5 million tons annually. This would boost Woodside’s total LNG capacity to 24 million tons annually by next decade, the company […]
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Fuel oil transport via Ctg-Dhaka pipeline to begin trial in first week of May
Posted on April 29, 2025 by Diligentia News in OilGas.BPC plans to commence full-scale operations after the trial run, the officials said. Earlier in March, BPC had planned to start transporting fuel through the new pipeline, but administrative complications delayed the process. Moni Lal Das, general manager (Commerce and Operations) of BPC, told TBS that project officials held a meeting yesterday (22 April) to […]
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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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