Energy & Petroleum News Today

The Strait of Hormuz crisis exposed India's strategic vulnerabilities, triggering severe energy, economic, and diplomatic challenges due to its heavy reliance on vulnerable external supply chains.

India's green energy push faces challenges as nearly 80% of required storage batteries come from China, while domestic manufacturing accounts for less than 1% of its 260 GWh demand.

European diesel margins hit record highs, US inventories fell to record lows, and Asian ethanol rose. Meanwhile, Indian power plants struggled with coal imports, alongside rising US clean energy solar contracts.

The government will soon launch PM-KUSUM 2.0 with a higher financial outlay and a 10 GW agri-PV component to enable farmers to generate renewable energy alongside agriculture.

European naphtha physical values remained firm, supported by strong Asian demand and falling ARA stocks, despite softer petrochemical buying and weaker prompt cracks.

Europe saved over €30bn in avoided gas imports due to solar power since the Middle East crisis began, helping mitigate surging energy prices and thermal power plant inefficiencies.

Maharashtra power utility uncovered an electricity theft racket across seven villages, booking 19 consumers for illegal hook connections that caused losses exceeding Rs 2.3 lakh.

Southern Karnataka faced unscheduled power cuts after wind power generation dropped by over 2,000 MW. Authorities managed the crisis by sourcing additional power from thermal units and central stations.

Cabinet minister Chhagan Bhujbal urged the Centre to establish an electric vehicle testing facility at the CPRI centre in Shilapur to boost Nashik's growing automobile and EV manufacturing ecosystem.

Brent crude oil prices surged to $100 a barrel for the first time since July 24, jumping 25% since early August due to fading peace hopes and renewed fighting in the six-month conflict.