Energy & Petroleum News Today

Crude oil prices rebounded, with Brent nearing $100 per barrel. Global refinery inputs dropped due to Middle East and Russia disruptions, causing record diesel prices despite a partial recovery.

Andhra Pradesh power utilities successfully restored electricity to nearly 29 lakh consumers across cyclone-affected coastal districts, deploying thousands of personnel to repair severely damaged infrastructure and sub-stations.

Nigeria's power crisis worsens due to inadequate gas supply and falling hydro capacity, cutting total generation to 2,556 MW and forcing households and businesses to rely on alternative energy sources.

European wholesale gas prices dropped, extending a three-day retreat as a historic 20% weekly global crude oil crash dismantled energy risk premiums despite fresh Strait of Hormuz tanker incidents.

JPMorgan reports the global oil market has returned to a surplus, driven by recovering Middle Eastern exports and rising production in Latin America following previous supply disruptions.

India requires US$220 billion to achieve its 500 GW non-fossil-fuel target. The Bharat Renewable Energy Summit emphasized storage, transmission, domestic manufacturing, and green fuel partnerships.

Quebec's energy demand is projected to surge by a third, rising from 180 to 240 terawatt-hours by 2041, prompting a new 15-year supply plan that includes energy imports.

The Ministry of Railways plans to introduce a hydrogen-powered toy train on the 96-km Kalka-Shimla heritage route, featuring a new hydrogen fuel plant at Barog to promote cleaner transport.

The BRE Summit & Expo 2026 concluded, drawing 75,000 visitors and securing major green energy investments. India aims for 500 GW non-fossil capacity, backed by robust global capital and new hydrogen agreements.

Ahead of their IPOs, Coal India subsidiaries MCL and SECL saw sharp declines in e-auction premiums and booking rates between FY24 and FY26, despite offering increased coal quantities.