Category Archives: OilGas
-
Russia Warns an Oil Shortage Is Looming Due to Underinvestment
Posted on November 25, 2025 by Diligentia News in OilGas.Crude oil demand is going to continue growing, but insufficient investment could tip fundamentals into imbalance, Russia’s Alexander Novak said today in Beijing. Global demand for oil is about to reach 104.6 million barrels daily this year, the Deputy Prime Minister said, as quoted by TASS. That is slightly lower than OPEC’s demand forecast of […]
Continue Reading... No Comments. -
Neeraj Mittal Takes Charge as Secretary, Ministry of Petroleum & Natural Gas
Posted on November 25, 2025 by Diligentia News in OilGas.Neeraj Mittal, IAS (1992 batch, Tamil Nadu cadre) has assumed charge as the new Secretary, Ministry of Petroleum and Natural Gas, marking a key leadership transition in the energy sector. He takes over from Shri Pankaj Jain as part of a major administrative reshuffle across senior positions. Shri Mittal brings a distinguished track record across […]
Continue Reading... No Comments. -
GAIL India issues swap tender for two LNG cargoes, says report
Posted on November 25, 2025 by Diligentia News in OilGas.GAIL (India) has issued a swap tender, offering two U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for two cargo deliveries to India, two industry sources said on Monday. GAIL, India’s largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis on January 27 at Sabine Pass, Louisiana, and on March […]
Continue Reading... No Comments. -
Russian oil offered to India at deep discount after US sanctions
Posted on November 24, 2025 by Diligentia News in OilGas.Russia’s flagship Urals crude is being offered to India’s refiners at the cheapest price in at least two years after US sanctions on top producers Rosneft PJSC and Lukoil PJSC upended a lucrative trade. The price of Urals for Indian refiners has slipped to a discount of as much as $7 a barrel to Dated […]
Continue Reading... No Comments. -
India Turns to U.S. Energy to Shield Itself From Massive Tariffs
Posted on November 24, 2025 by Diligentia News in OilGas.India has agreed to deepen its energy trade with the United States in a bid to avoid the introduction of higher tariffs on exports by President Donald Trump. In recent months, Trump has threatened several countries with tariffs if they do not import larger quantities of U.S. gas, to varying success. India, like several other […]
Continue Reading... No Comments. -
Operating profit of oil marketers set to jump over 50% to in FY26: Crisil Ratings
Posted on November 24, 2025 by Diligentia News in OilGas.Oil marketing companies (OMCs) are poised for a sharp rebound, with operating profits expected to surge more than 50 per cent to $18-20 per barrel this fiscal year, driven by stronger marketing margins amid stable retail fuel prices and supportive crude oil dynamics, Crisil Ratings said on Friday. OMCs earn from refining (gross refining margins […]
Continue Reading... No Comments. -
European Natural Gas Plummets to 18-Month Low
Posted on November 24, 2025 by Diligentia News in OilGas.Forecasts of milder weather in the weeks ahead and the proposed U.S. peace plan for Ukraine pushed down on Friday European benchmark natural gas prices to their lowest level since May 2024. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, traded down by 2.5% at $35 (30.38 euros) per megawatt-hour (MWh) at […]
Continue Reading... No Comments. -
G-20 Tries to Box In Critical Mineral Disruption
Posted on November 24, 2025 by Diligentia News in OilGas.The G-20 is tiptoeing around China with a sledgehammer. In a draft declaration seen by Bloomberg, leaders called for shielding the global critical-minerals value chain from “unilateral trade measures inconsistent with WTO rules”—a diplomatic way of saying: everyone noticed what China did this year. Beijing’s licensing chokehold on dysprosium, terbium, and other heavy rare earths […]
Continue Reading... No Comments. -
Oil Prices on Edge as Russia-Ukraine Peace Talks Progress
Posted on November 24, 2025 by Diligentia News in OilGas.Oil markets remained on edge early on Monday in early Asian trade, with all eyes on reports of potential progress in the Russia-Ukraine peace talks. At the same time, a strengthening U.S. dollar is adding downward pressure to prices, with both major benchmarks having lost roughly 3% last week. At the time of writing, West […]
Continue Reading... No Comments. -
Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) have advanced two major petroleum pipeline and storage projects
Posted on November 24, 2025 by Diligentia News in OilGas.Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) have advanced two major petroleum pipeline and storage projects worth Rs 24.5 billion. The 50-km Siliguri–Jhapa pipeline will feed a newly planned storage site in Jhapa with capacity of 18,900 kiloliters, while the Amlekhgunj–Chitwan pipeline and Lothar terminal in Chitwan will add 91,900 kiloliters of fuel […]
Continue Reading... No Comments.
