Category Archives: OilGas
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US may not impose additional 25 percent tariffs on India
Posted on August 18, 2025 by Diligentia News in OilGas.The Donald Trump administration may not impose secondary tariffs on India over purchasing Russian energy, as the US President said that Russia has already lost a key oil client. Speaking to Fox News aboard Air Force One en route to Alaska, Trump said the US may not impose secondary tariffs on countries continuing to buying […]
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GAIL to acquire 49% equity in Leafiniti Bioenergy
Posted on August 14, 2025 by Diligentia News in OilGas.GAIL (India) Limited has signed an agreement to buy 49 per cent of the shares in a company called Leafiniti Bioenergy Private Limited (LBPL). The other 51 per cent will be owned by TruAlt Bioenergy Limited (TBL). This deal, signed on August 11, 2025, aims to create new projects that will produce Compressed Bio Gas […]
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The Gulf calling as India rethinks its oil map beyond Russia
Posted on August 14, 2025 by Diligentia News in OilGas.India is preparing to lean more on West Asian oil suppliers such as Saudi Arabia, the UAE and Iraq, as the United States tightens the screws over its imports of Russian crude, reported Mint citing people familiar with the matter For decades, India’s refiners sourced most of their crude from West Asia. That changed three […]
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TNEB, Indian Oil Corporation discuss gas pipeline connection to five power plants
Posted on August 12, 2025 by Diligentia News in OilGas.The officials of Tamil Nadu Electricity Board (TNEB) and Indian Oil Corporation (IOC) conducted a meeting to discuss direct gas pipeline connectivity to five gas-based power plants in the state. TNEB chairman and managing director J Radhakrishnan, Indian Oil Corporation (IOC) general manager Suman Kumar Mishra and officials took part in the meeting that focused […]
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China cuts Saudi orders for Russian crude while Trump punishes India with steep tariffs
Posted on August 12, 2025 by Diligentia News in OilGas.Chinese refiners are cutting back on orders for Saudi oil, with the decline hinting at a shift in global crude flows as more Russian barrels enter the market, according to Energy Aspects Ltd. The London-based consultant said in an 11 August note that the drop in so-called nominations for September-loading term cargoes from Saudi Aramco […]
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Saudi Crude Shipments to China Poised to Fall in September
Posted on August 11, 2025 by Diligentia News in OilGas.Saudi Arabia will ship lower volumes of its crude to China next month, down from a two-year-high this month, after the Kingdom raised its September prices to Asia for a second consecutive month, Reuters reported on Monday, quoting trade sources at Chinese refiners. Saudi Arabia, the world’s biggest crude oil exporter, is expected to deliver […]
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The crude oil market bets Trump’s India threats are hollow
Posted on August 11, 2025 by Diligentia News in OilGas.The crude oil market’s rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India’s imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due […]
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Oil Prices Begin the Week Lower as Trump-Putin Meeting Looms
Posted on August 11, 2025 by Diligentia News in OilGas.Crude oil prices extended their losing streak from last month, opening lower today on expectations that the Friday meeting between the presidents of Russia and the United States would yield a deal resulting in more oil supply. At the time of writing, Brent crude was trading at $66.24 per barrel, with West Texas Intermediate at […]
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Indian refiners can do without Russian oil, but with trade-offs
Posted on August 11, 2025 by Diligentia News in OilGas.Indian refiners, the world’s biggest user of Russian oil, can operate without supplies from Moscow from a technical standpoint, but the shift would involve major economic and strategic trade-offs, analysts said. Russian crude supports high distillate yields – the share of crude converted into fuels like petrol, diesel, and jet fuel through distillation. Replacing Russian […]
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Govt to review petrol pump licensing norms
Posted on August 11, 2025 by Diligentia News in OilGas.The government is considering further easing the norms for setting up petrol pumps in the world’s fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies […]
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