Category Archives: OilGas
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Trump’s Russian oil threat pushes India to seek alternatives
Posted on April 2, 2025 by Diligentia News in OilGas.Indian refiners have rushed back to the market to seek crude supply after President Donald Trump’s threat of more penalties against Russia raised concerns over potential disruptions to oil flows. State-owned Bharat Petroleum Corp. and Hindustan Petroleum Corp. are seeking additional supplies for May arrival from regions such as the Middle East, North Sea and […]
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MoPNG sets April gas price at $7.26/mmBtu; deepwater cap till Sept $10.04
Posted on April 2, 2025 by Diligentia News in OilGas.The ministry of petroleum and natural gas has notified the price of domestic natural gas for the period from April 1 to April 30, 2025, as $7.26 per million British thermal units (mmBtu) on a Gross Calorific Value (GCV) basis. The Petroleum Planning & Analysis Cell (PPAC), in a notification dated March 31, 2025, said, […]
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Kazakhstan Is Taking Big Hits As Trump and Putin Feud
Posted on April 1, 2025 by Diligentia News in OilGas.Over the past few weeks, the Trump administration has attempted to broker a peace deal between Russia and Ukraine, offering a glimmer of hope that the 3-year war could soon come to an end. The U.S. has held separate meetings with Russian and Ukrainian delegations in a bid to reach a lasting deal, but one […]
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Indian Refiners Seek Alternatives to Russian Crude After Trump Tariff Threat
Posted on April 1, 2025 by Diligentia News in OilGas.Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine. Bloomberg reported that companies such as Bharat Petroleum Corp. and Hindustan Petroleum Corp. were looking for oil cargoes from the Middle East, the […]
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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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