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Energy & Petroleum News Today

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Oil Prices Spike as Iran Declares Strait of Hormuz Closed

Oil Prices Spike as Iran Declares Strait of Hormuz Closed

US-Iran War: Why India Faces a Dark Economic Winter

US-Iran War: Why India Faces a Dark Economic Winter

India’s current account deficit may widen to 2.2% of GDP in FY27 due to costlier crude, gas and fertilisers: Crisil

India’s current account deficit may widen to 2.2% of GDP in FY27 due to costlier crude, gas and fertilisers: Crisil

Can Oman-Gujarat Pipeline Boost India’s Energy Security?

Can Oman-Gujarat Pipeline Boost India’s Energy Security?

100 days of US-Israel war against Iran: Asia bears brunt of energy crisis, accelerates clean energy push

100 days of US-Israel war against Iran: Asia bears brunt of energy crisis, accelerates clean energy push

Daily News Update From Sarkaritel: June 09, 2026

Daily News Update From Sarkaritel: June 09, 2026

Venezuela: Rodríguez Eyes Investment, Trade Opportunities in India Trip

Venezuela: Rodríguez Eyes Investment, Trade Opportunities in India Trip

Oil prices fall amid fragile Israel-Iran truce; Hormuz blockade remains

Oil prices fall amid fragile Israel-Iran truce; Hormuz blockade remains

Asia Is in the Eye of the Energy Crisis

Asia Is in the Eye of the Energy Crisis

Giant Oil Supertanker Orders Eclipse Record

Giant Oil Supertanker Orders Eclipse Record

NH builders seek predefined input rates for projects under active bids

NH builders seek predefined input rates for projects under active bids

China’s Oil Imports Plummet to Eight-Year Low

China’s Oil Imports Plummet to Eight-Year Low

India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions

India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions

Rosneft’s Sechin warns Hormuz crisis threatens long-term oil demand

Rosneft’s Sechin warns Hormuz crisis threatens long-term oil demand

The Oil Shock Is Weakening India’s Economy and Finances

The Oil Shock Is Weakening India’s Economy and Finances

ATF prices rise about 10% as oil companies roll out fixed pricing

ATF prices rise about 10% as oil companies roll out fixed pricing

Oil Gives Back Most of Monday Gains

Oil Gives Back Most of Monday Gains

Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

Kuwait Offers First Crude Cargoes to Asia since Iran War Started

Kuwait Offers First Crude Cargoes to Asia since Iran War Started

Latest Market News Of Energy & Petroleum

Daily Report News

Karnataka Power Surplus Strengthens Bengaluru Growth Prospects

Karnataka Power Surplus Strengthens Bengaluru Growth Prospects

Energy & Petroleum

Karnataka's power surplus, even during peak summer demand, strengthens Bengaluru's growth prospects. This energy resilience, driven by diversified sources and grid management, is crucial for the state's expanding urban economy and attracting investments.

82

Navi Mumbai Expands Renewable Urban Infrastructure

Navi Mumbai Expands Renewable Urban Infrastructure

Energy & Petroleum

Navi Mumbai expands clean energy infrastructure, focusing on decentralised solar, energy-efficient public lighting, and citizen participation. Future plans include floating solar projects, aiming for lower-carbon urban development and climate resilience.

91

European gas prices edge up amid Middle-East fallout

European gas prices edge up amid Middle-East fallout

Energy & Petroleum

Hellenic Shipping

European gas prices, including British and Dutch natural gas contracts, edged up marginally on Wednesday. Investor caution amid fresh U.S.-Iran attacks drove the increase, reflecting Middle-East fallout.

1218

Europe’s transport fuels supply is resilient but vulnerable

Europe’s transport fuels supply is resilient but vulnerable

Energy & Petroleum

Hellenic Shipping

Europe's transport fuel supply is vulnerable. Strait of Hormuz closure impacts 30% of jet fuel/diesel and 10% of crude/condensate imports from the Middle East Gulf (Jan 2023-Feb 2026).

Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flows

Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flows

Energy & Petroleum

The Economic Times

Brazil offers to ramp up crude supplies to India, doubling April shipments to 275,000 bpd amid Gulf disruptions. India's BPCL secured 12 million barrels for FY27, with OVL exploring a $1.17 billion investment, strengthening energy ties.

India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrels

India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrels

Energy & Petroleum

The Economic Times

India and UAE are expanding strategic crude oil reserves from 5.8 to 30 million barrels, and developing gas reserves. This aims to boost India's energy security, which relies 88% on crude imports, involving joint investments and new facilities.

India seeks more Canadian fuel supplies, but regulatory hurdles may complicate plans

India seeks more Canadian fuel supplies, but regulatory hurdles may complicate plans

Energy & Petroleum

theglobeandmail.com

India seeks more Canadian oil, gas, and minerals to meet soaring demand. Regulatory hurdles and infrastructure gaps challenge Canada's ability to supply its resources, despite a $2.6B uranium deal.

71

Kolkata Gas Network Expansion Nears Urban Households

Kolkata Gas Network Expansion Nears Urban Households

Energy & Petroleum

Kolkata's piped natural gas network expansion aims to improve household energy access, support cleaner urban growth, and reduce reliance on traditional fuels. Despite execution challenges, it's crucial for a low-carbon urban transition.

11

Japan's Chubu Electric set to buy $150 million stake in Continuum Green

Japan's Chubu Electric set to buy $150 million stake in Continuum Green

Energy & Petroleum

economictimes.indiatimes.com

Japan's Chubu Electric will invest $150 million for a 13-14% stake in India's Continuum Green Energy, valuing it at $1.1-1.2 billion. This expands Chubu's presence in India's 4.7 GW clean energy market.

79

Renault EV orders have surged in Europe since Iran war began, says CEO

Renault EV orders have surged in Europe since Iran war began, says CEO

Energy & Petroleum

auto.economictimes.indiatimes.com

Renault's EV orders surged 50% in markets like France/Germany due to high fuel prices linked to the "Iran war." European EV sales jumped 29% in four months. Renault plans more shifts and cheaper LFP batteries to meet demand.

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