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Energy & Petroleum News Today

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The world’s largest refinery can swallow 1.4 million barrels a day, and Jamnagar shows why oil still rewards absurd scale

The world’s largest refinery can swallow 1.4 million barrels a day, and Jamnagar shows why oil still rewards absurd scale

EV Boom Could Reduce Global Oil Demand by Late 2027

EV Boom Could Reduce Global Oil Demand by Late 2027

Indian refiners see crude throughput slide over five per cent in May

Indian refiners see crude throughput slide over five per cent in May

Assam-Nagaland oil pact raises hope for Northeast’s energy future | Hindustan Times

Assam-Nagaland oil pact raises hope for Northeast’s energy future | Hindustan Times

OPINION | Asia gets its crude oil back but refined product flows still lag

OPINION | Asia gets its crude oil back but refined product flows still lag

Govt bonds walk tightrope on steady oil price, shaky US-Iran truce

Govt bonds walk tightrope on steady oil price, shaky US-Iran truce

India's Oil Comeback: How Refiners Navigated the Strait of Hormuz Crisis

India's Oil Comeback: How Refiners Navigated the Strait of Hormuz Crisis

10-year yield steady at 6.85% as traders track crude, US-Iran peace talks for cue

10-year yield steady at 6.85% as traders track crude, US-Iran peace talks for cue

Oil prices today: Crude falls after US-Iran talks in Switzerland conclude; Brent below $80

Oil prices today: Crude falls after US-Iran talks in Switzerland conclude; Brent below $80

Oil Export Curbs Waived, Frozen Assets Released: Iran Details Outcome After First Round Of US Talks

Oil Export Curbs Waived, Frozen Assets Released: Iran Details Outcome After First Round Of US Talks

Live - US, Iran agree on roadmap for final deal despite early tensions | Iran International

Live - US, Iran agree on roadmap for final deal despite early tensions | Iran International

Asia top stories – weekly summary

Asia top stories – weekly summary

Energy markets remain complacent despite significant supply shock

Energy markets remain complacent despite significant supply shock

OPEC hikes 2050 oil demand forecast again, citing world’s pivot to energy security

OPEC hikes 2050 oil demand forecast again, citing world’s pivot to energy security

Europe top stories: weekly summary

Europe top stories: weekly summary

Qatar Races to Restore LNG Exports Despite Ras Laffan Setback

Qatar Races to Restore LNG Exports Despite Ras Laffan Setback

Asia chemical shares mixed as US-Iran talks progress

Asia chemical shares mixed as US-Iran talks progress

Iran war triggers global race to build oil reserves

Iran war triggers global race to build oil reserves

Analysts Warn China’s Oil Demand May Never Fully Recover

Analysts Warn China’s Oil Demand May Never Fully Recover

Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies

Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies

Latest Market News Of Energy & Petroleum

Daily Report News

Ethanol blending programme safe, use of E20 won't affect vehicle insurance validity: Govt

Ethanol blending programme safe, use of E20 won't affect vehicle insurance validity: Govt

Energy & Petroleum

The Economic Times

The government affirms India's ethanol blending program is safe, dismissing E20 fuel insurance concerns. It saved Rs 1.4 lakh crore in foreign exchange, boosted farmers' income, and enhances energy security, aligning with global practices like Brazil's E27 blend.

ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields

ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields

Energy & Petroleum

The Economic Times

ONGC seeks to acquire PDVSA stakes in Venezuela's San Cristobal and Carabobo fields, pending US licence. This aims to boost oil production to 45,000-50,000 bpd and recover $500M in stuck dividends.

56

Canada to see major increase in H2 oil, gas drilling, higher EandP activity: trade group

Canada to see major increase in H2 oil, gas drilling, higher EandP activity: trade group

Energy & Petroleum

Hellenic Shipping

Canadian Association of Energy Contractors predicts a major increase in oil and gas drilling in Western Canada in H2 2026 due to higher crude prices and E&P activity.

81

Has the oil price bubble burst?

Has the oil price bubble burst?

Energy & Petroleum

Hellenic Shipping

Brent oil prices have seen significant volatility. A US-Iran MoU has eased global economic fears, leading to sharply negative oil market sentiment, as experts assess future developments.

22

BHP: Time to get real about steel technology change and met coal

BHP: Time to get real about steel technology change and met coal

Energy & Petroleum

BHP's steel decarbonization strategy, prioritizing CCUS and met coal, is criticized as ineffective, with Scope 3 emissions hitting 378 Mt by FY2025. A new CEO on July 1st could shift focus to DRI technology.

1110

Punjab power crisis exposes Mann govt’s gross mismanagement: Bajwa

Punjab power crisis exposes Mann govt’s gross mismanagement: Bajwa

Energy & Petroleum

timesofindia.indiatimes.com

Punjab faces a severe power crisis due to the Mann govt's mismanagement and incompetence. PSPCL procures power at Rs 10/unit, while a 920-MW thermal plant is shut, impacting farmers and consumers amidst peak demand.

56 Critical Mineral Blocks Auctioned as India Builds Strategic Supply Chains

56 Critical Mineral Blocks Auctioned as India Builds Strategic Supply Chains

Energy & Petroleum

India has auctioned 56 critical mineral blocks to build strategic supply chains, bolstering its industrial future and securing vital resources.

14

Low dam levels, fuel risks put pressure on Fiji’s power supply

Low dam levels, fuel risks put pressure on Fiji’s power supply

Energy & Petroleum

fijitimes.com.fj

Fiji's power supply faces pressure from declining hydro dam levels (below last year's) and fuel risks, exacerbated by a potential super El Niño. EFL warns of 50% demand shortfall if reserves deplete, preparing for a prolonged dry season.

83

Women in A.P. will get free travel in AC buses soon, says Transport Minister

Women in A.P. will get free travel in AC buses soon, says Transport Minister

Energy & Petroleum

Andhra Pradesh women will soon get free travel in AC electric buses under the Stree Shakti scheme. APSRTC plans to induct 5,120 electric buses by 2026-27, aiming for 100% digital services and enhanced public transport.

126

New-age OEMs must build deep tech before chasing scale, says Ultraviolette's Narayan Subramaniam

New-age OEMs must build deep tech before chasing scale, says Ultraviolette's Narayan Subramaniam

Energy & Petroleum

auto.economictimes.indiatimes.com

Ultraviolette's CEO states new-age EV OEMs must prioritize deep tech before scaling. Their F77 motorcycle took six years to develop, achieving a 300 km range, focusing on proprietary tech for global competitiveness.

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