Category Archives: OilGas
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2025 Brings Fundamentals Back to the Fore in Oil Markets
Posted on January 14, 2025 by Diligentia News in OilGas.Oil trading in 2024 was marked by the near complete dominance of algorithmic trading. While not a new trend, algo trading arguably reached its peak last year, with technical analysis largely displacing any factual fundamentals considerations. Instead of making traders money, however, algo trading has lost them money. Bloomberg reported earlier this month that 2024 […]
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Stricter US sanctions threaten Russia’s oil trade with India and China: Report
Posted on January 14, 2025 by Diligentia News in OilGas.New US sanctions on Russian oil producers and ships are expected to disrupt Russia’s oil trade with India and China, two of its largest customers, according to a report by news agency Reuters. This development may lead to higher oil prices and increased freight costs for both countries as they look to source oil from […]
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Europe threatens to trigger a global scramble for natural gas supplies
Posted on January 14, 2025 by Diligentia News in OilGas.The world is bracing for a fight for natural gas supplies this year, prolonging the pain of higher bills for consumers and factories in energy-hungry Europe and putting poorer emerging countries from Asia to South America at risk of getting priced out of the market. For the first time since the energy crisis was turbocharged […]
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HPCL arm successfully commissioned LNG Regasification terminal in Gujarat
Posted on January 14, 2025 by Diligentia News in OilGas.Hindustan Petroleum Corporation (HPCL) has announced the successful commissioning of a 5 MMTPA capacity LNG Regasification terminal at Chhara, Gujarat, established by its wholly owned subsidiary, HPCL LNG. The company stated that the ship, Maran Gas Coronis, carrying LNG cargo, berthed on 6 January 2025, and the discharge of the cargo into the onshore LNG […]
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With no dearth of crude, India can survive the transition to green energy, says Hardeep Singh Puri
Posted on January 13, 2025 by Diligentia News in OilGas.Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Saturday, said the transition from fossil fuel to green energy was possible only when one survives the present scenario. While India is making steady steps towards green energy, fossil fuel, particularly crude oil, was available in the international market for survival now, he said. […]
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US Imposes Sweeping Sanctions on Russia’s Oil and Gas
Posted on January 13, 2025 by Diligentia News in OilGas.U.S. President Joe Biden’s administration imposed its broadest package of sanctions so far targeting Russia’s oil and gas revenues on Friday, in an effort to give Kyiv and Donald Trump’s incoming team leverage to reach a deal for peace in Ukraine. The move is meant to cut Russia’s revenues for continuing the war in Ukraine […]
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Government partially restores gas supply to IGL, Adani-Total
Posted on January 13, 2025 by Diligentia News in OilGas.The government has increased cheaper gas supply to city gas retailers IGL, Adani-Total, and Mahanagar Gas, restoring a major part of the allocation that was cut in 2024, according to regulatory filings by the companies. The government, in October and November last year, had cut supplies of the so-called APM Gas (low-priced natural gas coming […]
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Iraq, UAE gain as India’s Russian oil imports slip to 12-month low in Dec amid Moscow’s high domestic demand
Posted on January 13, 2025 by Diligentia News in OilGas.India’s crude oil imports from West Asia—specifically Iraq and the United Arab Emirates (UAE)—surged in December with Indian refiners looking to replace the shortfall in supplies from their largest source market Russia, which cut exports to meet heightened oil demand from its domestic refineries, shows an analysis of oil tanker data. Saudi Arabia, however, was […]
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ONGC engages BP to boost production in largest oil field
Posted on January 9, 2025 by Diligentia News in OilGas.India’s top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country’s largest producing field, off India’s west coast. BP has promised an increase of up to 60% in production of oil and gas output from the […]
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Norway Doubles Down on Oil and Gas
Posted on January 8, 2025 by Diligentia News in OilGas.After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas investment is expected to total around $22.9 […]
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