Category Archives: OilGas
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Dallas Fed Survey Respondents Bearish on Short Term Oil Prices
Posted on March 27, 2025 by Diligentia News in OilGas.The latest Dallas Fed Energy Survey has revealed that activity in the oil and gas sector increased slightly in the first quarter of 2025. The survey found that U.S. oil and gas production increased slightly in the first quarter, with the oil production index moving up from 1.1 in the fourth quarter to 5.6 in […]
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Oil Prices Gain On Venezuela Tariffs
Posted on March 27, 2025 by Diligentia News in OilGas.Oil prices rallied in Wednesday’s session, a day after U.S. President Donald Trump announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States. Trump claims that Venezuela has sent “tens of thousands” of people to the U.S. who have a “very violent […]
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GAIL gets Petroleum and Natural Gas Regulatory Board nod to expand key pipeline
Posted on March 27, 2025 by Diligentia News in OilGas.GAIL (India) Limited on Wednesday, March 26, said it has received the Petroleum and Natural Gas Regulatory Board’s (PNGRB) approval for the capacity augmentation of its Dahej-Uran-Dabhol-Panvel Natural Gas Pipeline (DUPL-DPPL) network. The approval allows GAIL to increase the capacity of the pipeline from the existing 19.9 million metric standard cubic metre (MMSCMD) per day […]
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UAE loses out as India opts for cheaper Russian naphtha
Posted on March 25, 2025 by Diligentia News in OilGas.The UAE, led by Abu Dhabi, has lost its position as India’s biggest supplier of the refined crude oil product naphtha as discounted Russian cargoes flood the market. Naphtha has many uses including as a precursor to gasoline and other liquid fuels, and as solvents or diluents for paints and the rubber industry. India is […]
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Trump: 25% Tariff On Anyone Who Buys Venezuelan Oil & Gas
Posted on March 25, 2025 by Diligentia News in OilGas.U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States, Reuters reported on Monday, with Trump claiming that Venezuela has sent “tens of thousands” of people to the U.S. who have a “very violent nature. Earlier this […]
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Indian Refineries Slashing Spot Tenders as Russian Oil Flows Back
Posted on March 25, 2025 by Diligentia News in OilGas.Indian refiners will issue fewer tenders for the purchase of crude oil on the spot market in the coming month as Russian supplies bounce back, Reuters has reported. Previously, Bharat Petroleum CFO revealed that middlemen who supply Russian oil stopped offering cargoes following U.S. sanctions imposed by the Biden administration targeted Russian producers, tankers and […]
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India Set to Tap Vast Oil Reserves With Multi-Billion Dollar Investments
Posted on March 25, 2025 by Diligentia News in OilGas.Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has suggested that India could strengthen its domestic industries and ramp up local production. Trump has a history of imposing heavy tariffs on India, including 25% on steel and 10% on aluminum imposed in 2018. The tariffs had […]
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India’s spot oil needs wane as Russia flows are set to rebound
Posted on March 24, 2025 by Diligentia News in OilGas.Indian refiners are likely to issue fewer tenders for spot crude in the coming months as volumes from top supplier Russia return to near normal levels, highlighting the trade’s success in working around US sanctions. The Asian nation’s state-owned processors are on track to secure more than three dozen cargoes that will load next month, […]
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Kochi launches trial run of biogas plant to convert 150 tonnes of food waste to gas
Posted on March 24, 2025 by Diligentia News in OilGas.The city of Kochi has initiated a trial run for its newly constructed compressed biogas (CBG) plant in Brahmapuram, aimed at converting 150 tonnes of food waste into gas. The first phase of the plant, which includes one of the two bio-digesters, is now operational, with the second bio-digester expected to be completed soon. BPCL […]
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Himanta Biswa Sarma flags Rs 5 billion annual loss at BCPL, vows revival plan
Posted on March 24, 2025 by Diligentia News in OilGas.Assam Chief Minister Himanta Biswa Sarma has raised concerns over the financial health of Brahmaputra Cracker and Polymer Limited (BCPL) in Lepetkata, Dibrugarh, revealing that the company has been incurring an annual loss of approximately Rs 5 billion for the past two years. During his visit to BCPL, CM Sarma highlighted the critical financial challenges […]
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