Category Archives: OilGas
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IEA, OPEC Divergence on Oil Demand Becomes Too Big To Ignore
Posted on March 13, 2024 by Diligentia News in OilGas.Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this advocacy. This has led to a growing divergence between the IEA’s and OPEC’s outlooks on the future of the commodity, increasing the risk of confusion […]
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Another Russian Refinery Is Ablaze After Ukrainian Drone Attack
Posted on March 13, 2024 by Diligentia News in OilGas.A fire erupted at an oil refinery in a region southeast of Moscow following a suspected Ukrainian drone attack in the latest such incident ahead of this weekend’s presidential election in Russia, in which Vladimir Putin is running unopposed and sure to win another six-year term in office. A drone attacked early on Wednesday an […]
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US trying to help India get lower prices for Russian oil, Joe Biden envoy says
Posted on March 13, 2024 by Diligentia News in OilGas.The United States is trying to help India negotiate lower prices for Russian oil as it deepens sanctions on tankers carrying the petroleum above Western price caps, President Joe Biden’s energy envoy said on Tuesday. Washington imposed sanctions late last month on Russia’s leading tanker group Sovcomflot on the two-year anniversary of Moscow’s full scale […]
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IEA, OPEC Divergence on Oil Demand Becomes Too Big To Ignore
Posted on March 13, 2024 by Diligentia News in OilGas.Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this advocacy. This has led to a growing divergence between the IEA’s and OPEC’s outlooks on the future of the commodity, increasing the risk of confusion […]
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India’s crude imports from Russia up for second straight month in February
Posted on March 13, 2024 by Diligentia News in OilGas.India’s crude oil imports from Russia appreciated for the second consecutive month in February hitting 1.54 million barrels per day (mb/d), accounting for around 33 per cent of the cumulative inbound shipments, aided by rising supply of Urals. According to energy intelligence firm Kpler, India’s crude oil imports from Russia rose marginally by 0.7 per […]
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India targets multi-billion-dollar green hydrogen export and import plans
Posted on March 13, 2024 by Diligentia News in OilGas.India has targeted a leading role in the green hydrogen market, which could result in exports worth $3-5bn and import substitution worth $7-15bn over the next ten years, according to a report by Alvarez & Marshall. The move is part of the country’s plan to reduce its reliance on imported liquefied natural gas (LNG) and […]
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IOC’s second compressed biogas plant, manufactured by CEID, inaugurated by CM Yogi Adityanath in Gorakhpur
Posted on March 13, 2024 by Diligentia News in OilGas.Indian Oil Corporation Ltd’s second Compressed Biogas (CBG) plant was inaugurated by Uttar Pradesh Chief Minister Yogi Adityanath in Gorakhpur on Tuesday. The gas generation (EPCC 1) and gas purification (EPCC 4) aspects of the project were spearheaded by CEID Consultant and Engineering Pvt Ltd, known for its CBG technology approved by MOPNG, aimed at […]
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Blue Energy Motors’ LNG trucks cross 10 million kilometre on Indian roads
Posted on March 12, 2024 by Diligentia News in OilGas.Pune-based Blue Energy Motors, a green truck manufacturing company has announced a significant milestone as its fleet of LNG trucks have cumulatively crossed the landmark of 10 million kilometres on Indian roads in various customer applications. The trucks while covering over 10 million kilometres have effectively helped reduce over 3,000 tonnes of CO2 emissions, which […]
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Rajasthan Petroleum Dealers Association Withdraws Strike
Posted on March 12, 2024 by Diligentia News in OilGas.It’s a big sigh of relief for people of Rajasthan as the petrol pump strike in Rajasthan has been withdrawn by Rajasthan Petroleum Dealers Association after holding talks with the state government. Rajasthan Petroleum Dealers Association announced that they have called off its strike on 11th March. They had called a strike demanding reduction in […]
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What Does China’s New Economic Growth Target Mean For Oil Prices?
Posted on March 12, 2024 by Diligentia News in OilGas.China’s stunning economic growth was almost single-handedly responsible for the commodities supercycle from the late 1990s to the onset of the 2014-2016 Oil Price War, as analysed in full in my new book on the new global oil market order. This was characterized by consistently rising prices of the key commodities that the country required […]
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