Category Archives: OilGas
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Oil Prices Remain Elevated as Traders Brace for Volatile Week
Posted on July 30, 2025 by Diligentia News in OilGas.Oil prices held onto recent gains in early Asian trading on Wednesday, buoyed by a complex mix of geopolitical risks, tightening trade policies, and anticipation surrounding the U.S. Federal Reserve’s upcoming interest rate decision. After surging more than 3% on Tuesday, both major crude benchmarks saw modest gains in early Asian trade. At the time […]
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Indian Gas Giant Seeks U.S. LNG Cargo Swap
Posted on July 30, 2025 by Diligentia News in OilGas.State-controlled natural gas firm GAIL (India) is looking to swap six U.S.-origin LNG cargoes with six cargoes for delivery to India in a tender running until August 6, industry sources told Reuterson Tuesday. GAIL (India) is offering cargoes loading every other month in 2026, beginning in February and ending in December, on a free-on-board (FOB) […]
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India’s Nayara Cuts Oil Refinery Run Rate After EU Sanctions
Posted on July 30, 2025 by Diligentia News in OilGas.Nayara Energy is reducing run rates at its west India refinery as more domestic and global players spurn the refiner after EU imposed sanctions on the company. The 400,000 barrel-a-day Vadinar refinery is currently operating at about 70%-80%, said the people, who asked not to be named due to the sensitivity of the matter. Across […]
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India’s Russian oil worries
Posted on July 30, 2025 by Diligentia News in OilGas.The European Union’s 18th sanctions package (July 2025) significantly tightens financing restrictions on Russian oil and other energy resources from Moscow. And no sooner were the sanctions made public, debates and discussions on what happens to a buyers like India have started. But India has now sturdily expanded its energy basket, while pushing for more […]
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CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say
Posted on July 28, 2025 by Diligentia News in OilGas.Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday. The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions […]
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Indian refiners look more widely for oil after EU’s Russia curbs
Posted on July 28, 2025 by Diligentia News in OilGas.Oil refiners in India, the biggest importer of Russian crude, may be looking at diversifying some buying away from Moscow after fresh European Union sanctions on the Kremlin amid the war in Ukraine. Local processors are exploring options on some inputs, although it’s too early to say that they’ve switched out of typical Russian supply […]
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India’s top gas importer Petronet seeks Rs 12,000 crore loan
Posted on July 28, 2025 by Diligentia News in OilGas.India’s top gas importer, Petronet LNG, is looking to raise a 120 billion rupee (about $1.4 billion) local currency loan to fund the expansion of a plant, its head of finance, Saurav Mitra, said in an analyst call on Monday. The company is building a petrochemical plant in India’s western state of Gujarat at the […]
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Oil Prices Climb as U.S. and EU Reach Historic Tariff Agreement
Posted on July 28, 2025 by Diligentia News in OilGas.The United States and European Union officially reached a tariff agreement on Sunday, averting a potentially crippling transatlantic trade war. Following months of contentious negotiations, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump’s Turnberry golf resort in Scotland. The announcement sent oil prices higher on Monday, […]
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Gopalpur Terminal Project For Petronet LNG To Cost More Over Rs.40 billion
Posted on July 28, 2025 by Diligentia News in OilGas.Petronet LNG has announced on Friday that the cost of building its new terminal in Gopalpur, Odisha, has gone up by over Rs 40 billion because it decided to use a land-based unit. Lack of availability of Floating Storage and Regasification Units (FSRUs) is one of the primary reasons India’s largest LNG importer decided to […]
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Delhi govt moves SC against blanket ban on diesel/petrol vehicles older than 10/15 years
Posted on July 28, 2025 by Diligentia News in OilGas.The Delhi Government has moved the Supreme Court against the blanket ban on diesel and petrol vehicles older than 10 years and 15 years, respectively. Instead of age-based restrictions, emission-based criteria should be followed to judge roadworthiness of vehicles, it said, seeking recall of the court’s October 29, 2018, order that upheld the National Green […]
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