Category Archives: OilGas
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Turkey Extends Gazprom Deal as It Accelerates LNG Pivot
Posted on December 4, 2025 by Diligentia News in OilGas.Turkey has extended two natural gas supply contracts with Gazprom by a year, set to receive 22 billion cu m until the end of 2026, Ankara’s energy minister, Alparslan Bayraktar, said, as quoted by Reuters, today. Despite the extension, Turkey has been reducing the share of Russian gas in its gas consumption, and this share […]
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ONGC Chairman & CEO Arun Kumar Singh Gets One-Year Extension; Move Leaves Key Aspirants Stunned
Posted on December 4, 2025 by Diligentia News in OilGas.In a significant development for India’s energy sector, Arun Kumar Singh — the 63-year-old Chairman and CEO of Oil and Natural Gas Corporation (ONGC) — has been granted an extension beyond his scheduled superannuation. Singh’s current three-year tenure was set to end on December 6, 2025, with his retirement slated for the following day. However, […]
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India’s Diesel Demand Surge In November Signals Strong Transport Sector Rebound
Posted on December 3, 2025 by Diligentia News in OilGas.Diesel, India’s most used fuel, saw sales rise 4.7 per cent year‑on‑year to 8.55 million tonnes in November, the strongest monthly performance since May 2025. Consumption was 13.6 per cent higher than in November 2023, underlining how sharply transport demand has bounced back after the monsoon‑driven lull. Industry data show diesel retains roughly 40 per […]
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India’s Crude Imports Up 10% In Apr-Oct Amid Tariff Cloud; US Share Rises, Russia Trims
Posted on December 3, 2025 by Diligentia News in OilGas.India’s petroleum crude imports grew by 10.3% year-on-year to 1.15 billion barrels in April-October of this financial year, according to an analysis of data shared by the commerce ministry. This was on the back of strong economic activity and softer crude prices. India, in the same period last year, had imported 1.04 billion barrels of […]
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India’s Torrent Gas Hires Citi, Two Others for $450 Million IPO
Posted on December 3, 2025 by Diligentia News in OilGas.India’s Torrent Gas Ltd. has hired three banks for its planned initial public offering that may raise as much as $450 million, according to people familiar with the matter. The city-gas distribution arm of Torrent Group has mandated Axis Bank Ltd., Kotak Mahindra Capital Co. and Citigroup Inc.’s local unit to manage the share sale, […]
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Nationwide expansion of CNG infrastructure gains momentum
Posted on December 3, 2025 by Diligentia News in OilGas.India’s push towards clean mobility has received a major boost with the rapid expansion of Compressed Natural Gas (CNG) infrastructure across the country. Responding to a query raised by Dr K Laxman in the Rajya Sabha on Monday, Minister of State for Petroleum and Natural Gas, Suresh Gopi, outlined the scale and progress of the […]
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Kremlin says decline in India’s Russian oil imports likely to be temporary
Posted on December 3, 2025 by Diligentia News in OilGas.A recent decline in India’s imports of Russian crude oil might last only for a short period, Kremlin spokesperson Dmitry Peskov said, according to Reuters. He told Indian journalists that Moscow plans to increase supplies to New Delhi even as Western sanctions pressure. India, the world’s third-largest oil importer, has been the biggest buyer of […]
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India may reduce Russian oil imports by 50%: Ex-Foreign Secretary makes big claim ahead of Putin’s visit
Posted on December 2, 2025 by Diligentia News in OilGas.Kanwal Sibal, the former Foreign Secretary and India’s Ambassador to Russia, said in an interview that India may reduce Russian oil purchases by 50 per cent, even as New Delhi will enhance cooperation with Moscow in areas such as pharmaceuticals and IT. His comments come ahead of Russian President Vladimir Putin’s upcoming visit to New […]
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India Picks Up Non-Sanctioned Russian Oil as Discounts Widen
Posted on December 2, 2025 by Diligentia News in OilGas.India’s state-run refiners Indian Oil Corp. and Bharat Petroleum Corp. have bought Russian crude for January delivery, lured by discounts and plentiful supplies from non-sanctioned sellers, according to people familiar with the matter. The unspecified number of cargoes has been secured at a discount of about $5 per barrel to Dated Brent from new trading […]
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Geopolitical Risk Keeps Oil Prices Elevated
Posted on December 2, 2025 by Diligentia News in OilGas.Oil prices remained elevated in early Asian trade on Tuesday as investors priced in growing geopolitical risk, especially after a drone strike damaged infrastructure at the Caspian Pipeline Consortium (CPC) Black Sea terminal. At the time of writing, Brent crude was trading at $63.16 a barrel and U.S. West Texas Intermediate was changing hands at […]
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