Category Archives: OilGas
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Asia’s green jet fuel ambitions exceed demand, heralding exports
Posted on March 18, 2025 by Diligentia News in OilGas.Asia’s ability to supply sustainable aviation fuel will outpace regional demand this year and next as more production comes online, increasing exports and potentially lowering prices for the fuel, oil executives and analysts said. Planned SAF production could take a hit if regional demand remains tepid and prices fall below production costs, industry sources say, […]
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Oil Prices Continue Downward Spiral Amid Market Chaos
Posted on March 11, 2025 by Diligentia News in OilGas.Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish catalysts. Brent crude for May delivery fell 1.38% to trade at $69.39 per barrel at 1.44 pm ET on Monday, while WTI crude for April delivery declined 1.37% to change hands at […]
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Government To Enforce Delhi High Court Order In Gas Dispute With Reliance Industries, Says Oil Minister Puri
Posted on March 10, 2025 by Diligentia News in OilGas.Petroleum and Natural Gas Minister Hardeep Singh Puri on Mar. 7 said that his ministry will pursue its demand for $2.81 billion from Reliance Industries Ltd. and its partners till the end, as the court decision on the gas migration row clearly establishes the government’s rights. RIL had earlier received a Rs 245.22 billion ($2.81 […]
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Why has India promised to buy more U.S. Oil?
Posted on March 10, 2025 by Diligentia News in OilGas.The story so far: India committed to procure more oil and natural gas from the U.S. when Prime Minister Narendra Modi met U.S. President Donald Trump in February in Washington amid tariff threats. Foreign Secretary Vikram Misri said India’s energy purchases from the U.S. could increase from last year’s $15 billion to $25 billion in […]
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India’s Gas price index rises 25% YoY in Feb 2025
Posted on March 7, 2025 by Diligentia News in OilGas.India’s Gas Index of India (GIXI) for February 2025 stood at Rs 1,112 per MMBtu ($12.8 per MMBtu), marking a 25 percent year-on-year (YoY) increase. The surge was driven primarily by heightened gas demand from Europe, particularly from gas-based power plants. This increase aligns with the upward trend observed in global gas benchmark prices. European […]
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India Bought 112 Billion Euro Worth Of Russian Oil Since Ukraine War: Report
Posted on March 7, 2025 by Diligentia News in OilGas.The world’s third largest oil consuming and importing nation, spent 102.5 billion euro (about Rs 1500 billion) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday. The Centre for Research on Energy and Clean Air (CREA) released a report on payments to Russia for […]
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Accelera and GAIL Join Forces to Boost Green Hydrogen
Posted on March 6, 2025 by Diligentia News in OilGas.Accelera™ by Cummins, the clean energy division of Cummins Inc. [NYSE: CMI], has teamed up with GAIL (India) Limited, a leading public sector enterprise and major player in India’s natural gas sector, to drive the development of green hydrogen and other clean technologies in India. The partnership, formalized through a Memorandum of Understanding (MOU), combines […]
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India launches first pilot project for hydrogen-fueled vehicles
Posted on March 6, 2025 by Diligentia News in OilGas.The Indian government launched on Tuesday the first of its pilot projects to operate hydrogen-powered buses and trucks across the country under the National Green Hydrogen Mission. Introduced in 2023, with an allocated fund of $2.4 billion, the green hydrogen mission aims to promote the production and use of green hydrogen, which is seen as […]
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Natural gas import bill rises 17% to $12.9-billion in April-January
Posted on March 6, 2025 by Diligentia News in OilGas.India’s natural gas import bill surged by 17.2% to $12.9 billion during April–January of the current fiscal, compared with $11.0 billion in the same period last year, driven by rising consumption, according to data from the Petroleum Planning and Analysis Cell (PPAC). In January, the import bill increased by approximately 8.3% to $1.3 billion, compared […]
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Oil Extends Losing Streak on Tariff Uncertainty
Posted on March 5, 2025 by Diligentia News in OilGas.Crude oil prices extended their decline from Tuesday following remarks by the U.S. Commerce Secretary that some tariffs on Mexico and Canada could be rolled back, boosting uncertainty. The news that OPEC+ had decided to go ahead with its April wind-down of production cuts also continued to weigh on prices, after plunging them lower earlier […]
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