Category Archives: OilGas
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India likely to boost purchases of US oil, gas following Trump’s announcement
Posted on January 22, 2025 by Diligentia News in OilGas.India may purchase more American energy as US President Donald Trump’s pro-oil and gas policies will increase US supplies to the global market, weighing on prices, Oil Minister Hardeep Singh Puri said on Tuesday “If you were to ask me whether more American energy is going to come on to the market, my answer is […]
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Refiners ask Abu Dhabi NOC to offer ‘oil delivered price’ as freight spikes
Posted on January 22, 2025 by Diligentia News in OilGas.Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer pricing of its crude on a delivered basis to manage costs, three refining sources said, after fresh US sanctions disrupted supplies and caused freight rates to spike. Refiners in India, which imports over 80 per cent of its oil, have been hit […]
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OMCs to register strong Q3FY25 on healthy marketing margins
Posted on January 22, 2025 by Diligentia News in OilGas.The country’s oil marketing companies are expected to register strong earnings in the third quarter of the fiscal year on the back of healthy retail margins on diesel and gasoline led by a decline in crude oil prices, as per analysts. Elara Capital expects OMC’s retail margin on diesel to increase to Rs 9.3 per […]
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GAIL, BPCL to set up plants to produce compressed biogas in Chhattisgarh
Posted on January 22, 2025 by Diligentia News in OilGas.The Chhattisgarh Biofuel Development Authority (CBDA) has inked an agreement with GAIL (India) and Bharat Petroleum Corporation (BPCL) for producing compressed biogas (CBG) from urban solid waste of six municipal corporations across the state. tripartite agreement was signed by the CBDA, GAIL, and BPCL for setting up CBG plants in municipal corporations of Ambikapur, Raigarh, […]
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India likely to boost purchases of US oil, gas following Trump’s announcement
Posted on January 21, 2025 by Diligentia News in OilGas.India may purchase more American energy as US President Donald Trump’s pro-oil and gas policies will increase US supplies to the global market, weighing on prices, Oil Minister Hardeep Singh Puri said on Tuesday. “If you were to ask me whether more American energy is going to come on to the market, my answer is […]
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Indian students flock to petroleum and mining programs amid Trump’s second term buzz
Posted on January 20, 2025 by Diligentia News in OilGas.As Donald Trump prepares for his second inauguration, a curious trend is emerging among Indian students aspiring to study abroad: a renewed focus on courses in extractive industries such as petroleum, mining and agriculture-related fields. Study abroad consultants report a surge in applications to programmes tied to sectors Trump has historically championed, likely due to […]
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India Seeks Alternatives To Russian Oil
Posted on January 20, 2025 by Diligentia News in OilGas.Following Russia’s invasion of Ukraine in 2022, India emerged as a major buyer of Russian oil that was widely and rapidly sanctioned by the West. However, all that may be about to change, courtesy of a fresh wave of U.S. sanctions on Russia and India’s own scramble to find alternatives. Such a shift is unlikely […]
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OPEC’s share in India’s annual oil imports rises after 8-yr drop
Posted on January 17, 2025 by Diligentia News in OilGas.OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia’s share remained steady, data obtained from trade sources showed. Russia’s share in the world’s third-biggest oil importer and consumer is expected to drop in 2025 after Washington last Friday announced sweeping sanctions […]
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2025 is a Highly Unpredictable Year For OPEC+
Posted on January 17, 2025 by Diligentia News in OilGas.Another year, another set of challenges and dilemmas for OPEC+. The group is set to start unwinding its oil production cuts, but it will have to contend – once again – with many uncertainties and be ready to react to unpredictable events in 2025. From demand concerns to supply uncertainties, OPEC+ has its work cut […]
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US sanction clarifications tighten squeeze on India’s February oil supplies
Posted on January 17, 2025 by Diligentia News in OilGas.Indian refiners have less time than they expected earlier to receive sanctioned tankers, prompting inquiries for purchase of spot supplies from West Asian producers for February deliveries. Refiners led by Reliance Industries and Indian Oil have until Feb 27 to wind down transactions with sanctioned Russian tankers, opaque traders, a shadow fleet, and important insurers, […]
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