Natural Gas Could Be Angola’s Next Big Money Maker
Angola is betting big on natural gas developments as a short-term increase in oil production is not expected to last despite the West African country leaving OPEC over capped production. Companies operating in Angola have recently started up two oil projects, but they have also begun to target non-associated offshore gas plays, hoping that a […]
U.S. LNG: Record Exports, Rising Prices, and a Looming Problem
U.S. LNG exports so far this year have smashed yet another record, prices are on the rise without sapping demand, and the outlook remains robust. But there’s a hitch: pipelines. Exports of liquefied natural gas from the United States between January and August this year went up by 22% from the first eight months of […]
BPCL expects Russian crude to form 35% of imports for FY26
State-owned Bharat Petroleum Corp expects its Russian crude to form 35% of its total imports for the remaining year of FY26 as long as there are no new sanctions on Russian oil, the company said in an analyst call. “We are expecting again the flow (of Russian oil) should come back to normal level of […]
‘Selective bullying’: US punishes India, but its own trade with Russia grows 20% under Trump
Even as Washington slaps tariffs on India for buying Russian oil, US trade with Moscow has surged 20 percent since Donald Trump returned to the White House in January 2025. The contradiction was spotlighted at the August 15 Alaska summit, where Trump and Russian President Vladimir Putin met for the first time in a historic […]
Caught in the Trump-Putin game of chicken: India’s Russian oil imports’ future and options
The additional tariff announced by US President Donald Trump on import of Indian goods over New Delhi’s hefty Russian oil imports has thrown up questions on the potential consequences for India as it walks a diplomatic tightrope amid trade uncertainties and the unfolding game of chicken between Trump and Russian President Vladimir Putin. The stakes […]
US may not impose additional 25 percent tariffs on India
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 […]
GAIL to acquire 49% equity in Leafiniti Bioenergy
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 […]
The Gulf calling as India rethinks its oil map beyond Russia
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 […]
TNEB, Indian Oil Corporation discuss gas pipeline connection to five power plants
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 […]
China cuts Saudi orders for Russian crude while Trump punishes India with steep tariffs
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 […]