Category Archives: OilGas
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Goldman Sachs Slashes Oil Price Forecast to Below $60 in 2026
Posted on April 7, 2025 by Diligentia News in OilGas.Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. tariffs announcement last week. Goldman Sachs’s analysts issued a new note dated April 6, in which they slashed their 2026 […]
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Good news ahead? Petrol, Diesel & LPG price cut coming soon?
Posted on April 7, 2025 by Diligentia News in OilGas.Amid rising geopolitical tension and the sanction on various Oil Producing Companies (OPCs), India has diversified its petroleum import basket and is procuring crude from countries located at various geographical locations. The move will not only ensure security of crude supplies but also mitigate the risk of dependence on crude oil from single region. Is […]
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Oil Price Rout Extends on Recession Fears
Posted on April 7, 2025 by Diligentia News in OilGas.The price slump in crude oil that began last week has extended into this one as market players’ fears about a global recession deepen. At the time of writing, Brent crude was trading at just below $64 per barrel, while West Texas Intermediate was changing hands for $60.54 per barrel, both down by over 2% […]
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GreenLine to raise $275 mn equity to fund green fuel, EV truck push
Posted on April 7, 2025 by Diligentia News in OilGas.GreenLine Mobility Solutions, a logistics firm backed by the Essar Group, is raising $275 million in equity from a group of investors, including Nikhil Kamath, co-founder of online stock-trading platform Zerodha, at an undisclosed valuation. The Mumbai-based firm, which currently operates a fleet of 650 LNG trucks in India, aims to scale up to 10,000 […]
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Oil Drops, Markets Rattle as Trump Unleashes Tariffs
Posted on April 3, 2025 by Diligentia News in OilGas.Oil prices slipped on Wednesday afternoon after initially climbing more than $1 as markets digested a sweeping new round of global tariffs announced by an aggrieved U.S. President Donald Trump from the Rose Garden. The announcement rattled equity markets and fueled uncertainty across commodities, despite initial gains. Both Brent and WTI crude futures lost ground […]
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Canada Plots Energy Escape Route from Trump’s America
Posted on April 3, 2025 by Diligentia News in OilGas.The leaders of Canada’s two biggest political parties are promising expansion and modernization of energy infrastructure to reduce dependence on the United States for energy exports amid U.S. President Donald Trump’s tariff and sovereignty threats. Mark Carney, the Prime Minister who replaced Justin Trudeau and is leading the Liberal Party ahead of the April 28 […]
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India achieves historic milestone in renewable energy sector, adds 25 GW of capacity in FY 25
Posted on April 3, 2025 by Diligentia News in OilGas.The Ministry of New and Renewable Energy (MNRE) achieved historic milestone in the renewable energy sector for the financial year 2024-25. The country has added an unprecedented 25 GW of renewable energy capacity, marking an increase of nearly 35% over the previous year’s addition of 18.57 GW. India’s solar power sector led the renewable energy […]
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GAIL opens fresh round of inviting proposals for equity investment in start-ups
Posted on April 3, 2025 by Diligentia News in OilGas.Continuing its commitment to support innovative Start-Ups, GAIL (India) Limited on Tuesday launched the 10th round of its initiative ‘GAIL Pankh’ through which interested Start-Ups can apply for equity investment from the Maharatna PSU. They can apply through the link ‘GAIL Pankh’ on GAIL website https://gailonline.com. The 10th round will remain open from April 1, […]
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Saudi Arabia Faces Oil Price Dilemma
Posted on April 2, 2025 by Diligentia News in OilGas.As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the world’s top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price. […]
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Sanctioned Russian Arctic LNG Plant Flares Gas After Long Lull
Posted on April 2, 2025 by Diligentia News in OilGas.Russia’s Arctic liquefied natural gas plant appears to have flared fuel last week, satellite images show, a move that could indicate the restart of a sanctioned export facility that has effectively been shuttered since last October. Snapshots taken by the European Sentinel 2 satellite show the Arctic LNG 2 facility flaring gas on March 30. […]
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