Day: April 18, 2025

City gas firms to get pro-rata allocation of expensive “new well gas”: Govt

by Admin

April 18, 2025 0 2 weeks

The Oil Ministry has announced that city gas distributors will now receive a quarterly allocation of ‘new well gas’ alongside regular domestic gas to better meet customer demand. This new system replaces the previous auction-based supply. While new well gas is priced higher at 12% […]

oil-&-gas

by Admin

April 18, 2025 0 2 weeks

India's oil and gas production fall in 2024-25

by Admin

April 18, 2025 0 2 weeks

ONGC's cheaper APM gas supply falls, costlier new well supply doubles for city gas distributors

by Admin

April 30, 2025 2 dys

Indian Oil Corporation says not in talks for term crude import deal with Russia

Indian Oil Corporation is currently not in discussion for a fixed quantity deal to import Russian oil. The decision is due to the volatility in the international market. Import of Russian oil rose after the Ukraine war. Russia was India’s top crude oil supplier for […]

oil-&-gas

by Admin

April 30, 2025 2 dys

Indian Oil agrees to five-year LNG deal with Trafigura, sources say

India’s biggest refiner, Indian Oil Corporation, has agreed to a five-year deal to import liquefied natural gas (LNG) from global trading firm Trafigura, according to three trade sources on Wednesday. The price for the LNG will be linked to the U.S. Henry Hub benchmark.

oil-&-gas

by Admin

April 29, 2025 3 dys

Trade tensions to hit India oil consumption: World Bank

The World Bank forecasts that India’s oil consumption will be negatively affected by escalating trade tensions. Globally, oil consumption growth is expected to slow significantly in 2025 and 2026. Despite falling global commodity prices, India’s coal consumption is projected to rise, driven by government policy […]

oil-&-gas