Category Archives: OilGas
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New US sanctions threaten to disrupt India’s Russian oil lifeline
Posted on November 24, 2025 by Diligentia News in OilGas.India’s imports of Russian crude oil — the feedstock for fuels like petrol and diesel — are expected to drop sharply in the near term but not halt entirely as new US sanctions on Moscow’s top oil exporters take full effect, analysts said. US sanctions on Rosneft and Lukoil, and their majority-owned subsidiaries, took effect […]
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GAIL, CONCOR ink MoU to explore adoption of LNG as alternative fuel
Posted on November 24, 2025 by Diligentia News in OilGas.GAIL the country’s leading natural gas company, announced today that it has signed a Memorandum of Understanding (MoU) with Container Corporation of India (CONCOR) to explore the adoption of Liquefied Natural Gas (LNG) as an alternative fuel in the logistics sector GAIL and CONCOR have signed a Memorandum of Understanding (MoU) to explore the adoption […]
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Oil Prices Sink 2.6% After Zelenskyy Agrees to Work on Peace Deal
Posted on November 21, 2025 by Diligentia News in OilGas.Oil prices dropped again on Friday morning, bogged down by fresh news that Ukraine’s Zelenskyy agreed to work with Washington on a peace plan, a development that could ultimately add fresh barrels into an already fragile market. At the time of writing, West Texas Intermediate for December delivery had slipped by 2.51% to $57.52 per […]
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Aramco Redefines Oil Power in $120 Billion U.S. Tech and LNG Alliance
Posted on November 21, 2025 by Diligentia News in OilGas.The outcome of the visit of Saudi Crown Prince Mohammed bin Salman to Washington, including his meeting with Trump and his entire entourage, has been successful, at least by media reporting. The impact of all is still to be seen, but from the start, MBS’s visit not just rebooted a strained political relationship. The primary […]
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India’s oil and gas import bill drops 12% in Apr-Oct on softer crude prices
Posted on November 21, 2025 by Diligentia News in OilGas.India’s net oil and gas import bill slipped 12 per cent during the April-October period of the current financial year. This comes amid softening crude oil prices and declining natural gas demand, according to data sourced from Petroleum Planning and Analysis Cell (PPAC). The net import bill for the two fell to $69.9 billion in […]
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After India’s Russian oil rollback, GTRI says it’s Washington’s turn to cut the tariff
Posted on November 20, 2025 by Diligentia News in OilGas.Indian trade think tank Global Trade Research Initiative (GTRI) has urged Washington to swiftly roll back the additional 25 percent additional tariff imposed on Indian goods under the “Russian oil” category, arguing that the surcharge has lost any remaining justification after India sharply cut its crude imports from Moscow Calling the duty an unfair surcharge, […]
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Russian oil cargoes race to India as sanctions deadline nears
Posted on November 20, 2025 by Diligentia News in OilGas.The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with a wind-down period for US sanctions set to end this Friday. At least 7.7 million barrels of Russia’s flagship Urals crude linked to the two sanctioned producers are set to reach India’s […]
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China and India Boost Crude Purchases as Global Glut Looms
Posted on November 17, 2025 by Diligentia News in OilGas.China and India are buying more crude oil, providing some respite for producers facing expectations of oversupply, Bloomberg reported today, citing unnamed trading sources. The two large importers have been buying mostly Middle Eastern cargos, the Bloomberg sources said, noting that these were being sold at a discount, with China the bigger buyer and India […]
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India Awards First Long-term US LPG Contracts To Chevron, Phillips 66, Total
Posted on November 17, 2025 by Diligentia News in OilGas.Indian state refiners have awarded their first joint, long-term tenders to Chevron, Phillips 66 and TotalEnergies Trading SA to import U.S. liquefied petroleum gas in 2026, two trade sources with knowledge of the matter told Reuters. The three state refiners were jointly seeking delivery of about 48 very-large gas carriers, or about 2 million metric […]
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India’s spend on Russian oil buy at €2.5 billion in October ahead of new sanctions
Posted on November 17, 2025 by Diligentia News in OilGas.India, the second-biggest buyer of Russian oil, spent as much as €2.5 billion on purchases of crude oil from Moscow in October, ahead of new sanctions being slapped on Russian entities, a European think tank has said. October 22, the U.S. imposed sanctions on Rosneft and Lukoil, two of the largest oil producers in Russia, […]
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