Category Archives: OilGas
-
Indian banks consider financing non-sanctioned Russian oil trade
Posted on December 1, 2025 by Diligentia News in OilGas.Banks in India are now willing to consider financing trade in Russian oil if volumes come from non-blacklisted sellers and transactions are sanctions-compliant, according to people familiar with the matter. That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of […]
Continue Reading... No Comments. -
Gunvor Eyes Investment in U.S. Oil and Gas
Posted on December 1, 2025 by Diligentia News in OilGas.Swiss commodity trading major Gunvor is considering asset purchases in the U.S. oil and gas space, Reuters has reported, citing unnamed sources, in a bid to build a better relationship with the Trump administration. President Trump called Gunvor a “Russian puppet” after the Swiss company made a bid for the international business of Russian oil […]
Continue Reading... No Comments. -
Oil India Limited begins deep offshore drilling in Kerala-Konkan basin
Posted on December 1, 2025 by Diligentia News in OilGas.Oil India Limited (OIL) launched a landmark offshore drilling campaign in the Kerala-Konkan basin by spudding its first deepwater well, Union petroleum and natural gas minister Hardeep Puri announced on Saturday. The frontier Category-III basin is considered to hold significant potential, and the planned 6,000-metre-deep well—located 20 nautical miles offshore—will be among the deepest offshore […]
Continue Reading... No Comments. -
Guyanese oil: India’s 11,000-mile run for oil as US tightens Russia rules
Posted on December 1, 2025 by Diligentia News in OilGas.Two supertankers have begun hauling crude on a lengthy and unusual voyage from Guyana to India, as refiners in the South Asian nation snap up alternatives to sanctioned Russian crude. The journey of around 11,000 miles (17,700 kilometers) highlights the lengths to which Indian refiners are going to source non-Russian barrels after the US stepped […]
Continue Reading... No Comments. -
Oil Prices Rise as OPEC+ Holds Firm on Output Through Q1 2026
Posted on December 1, 2025 by Diligentia News in OilGas.Oil prices rebounded in early Asian trade on Monday following the latest OPEC+ meeting, as traders responded to the producer group’s decision to hold output steady through the first quarter of 2026. At the time of writing, West Texas Intermediate crude stood at $59.32, up 1.32%, while Brent crude had climbed to $63.16, up 1.25%. […]
Continue Reading... No Comments. -
OPEC+ Keeps Oil Output Steady and Approves Historic Capacity Mechanism
Posted on December 1, 2025 by Diligentia News in OilGas.At its Sunday meeting, OPEC+ reaffirmed its decision to keep oil production levels unchanged for the first quarter of 2026 and formally approved a long-debated process to reassess member production capacities for future quotas. The production decision aligned closely with expectations set by delegates, who signaled that the group would pause further supply increases amid […]
Continue Reading... No Comments. -
PNGRB expert panel for sweeping reform to unlock free gas market
Posted on December 1, 2025 by Diligentia News in OilGas.A high-level expert committee set up by the Petroleum and Natural Gas Regulatory Board (PNGRB) has called for sweeping structural reforms to create a free, competitive natural gas market in India, arguing that market-driven pricing and open access are essential for the country’s clean energy transition. In its report, Vision 2040 – Natural Gas Infrastructure […]
Continue Reading... No Comments. -
U.S. LNG Exports Set to Surge 40% as Europe Buys Record Volumes
Posted on November 28, 2025 by Diligentia News in OilGas.Exports of liquefied natural gas from the United States are on track to book a 40% annual increase this month, hitting 10.7 million tons, projections from Kpler have shown, as cited by Bloomberg. An ample supply of liquefied gas has already pushed natural gas prices down in Europe, with prices reaching the lowest in over […]
Continue Reading... No Comments. -
US, West Asia LPG routes show wide cost differences for India: Crisil
Posted on November 28, 2025 by Diligentia News in OilGas.The delivered cost of liquefied petroleum gas (LPG) for India may vary significantly across the routes and origin points, with West Asia cargoes tracking the Saudi contract price benchmark and US-linked supplies following Mont Belvieu-based pricing, where freight plays a proportionately larger role, said Crisil Intelligence on Wednesday. India had earlier this month signed an […]
Continue Reading... No Comments. -
From Oil War to ‘Major Non-NATO Ally’: Trump’s Extraordinary Saudi Pivot
Posted on November 28, 2025 by Diligentia News in OilGas.From the beginning of Donald Trump’s first term in office in 2017 to the start of his second term earlier this year, the relationship between the U.S. and Saudi Arabia shifted between tense and downright hostile. Those years included an Oil Price War, the de facto Saudi leader labelled a murderer, and all lines of […]
Continue Reading... No Comments.
