Energy & Petroleum News Today

Global oil prices will likely remain above $100 per barrel as traders price in supply losses while Saudi Arabia rushes to restore a damaged key pipeline.

India benefits from BRICS through energy cooperation and local-currency financing. The New Development Bank has approved approximately $43 billion for 139 projects, including over $9.5 billion in India.

Andhra Pradesh Chief Minister N. Chandrababu Naidu urged BPCL to expedite the ₹1.45 lakh crore greenfield refinery project near Ramayapatnam, aiming for early construction and a proposed downstream petrochemical park.

BPCL plans a Rs 1.45 lakh crore greenfield refinery-cum-petrochemical project in Andhra Pradesh. It will produce 5.4 million tonnes of Euro-6 fuels and 3.2 million tonnes of petrochemicals annually.

Copper futures hit a record $14,779 per ton, pressuring profit margins for Indian EV, consumer appliance, and engineering goods makers due to supply tightness and potential US tariffs.

Hero MotoCorp is expanding its premium and electric motorcycle portfolio in India with upcoming models like the Karizma XMR 250, Xpulse 421, a new dual-sport, and the Splendor Electric.

The Shiromani Akali Dal staged a protest in Mohali over prolonged power cuts affecting residents, farmers, and industries, submitting a five-point demand memorandum for immediate electricity supply improvements.

Manipur was recognized as the best-performing hilly and Northeast state in NITI Aayog’s India Electric Mobility Index 2025, while Delhi topped the open category for sustainable transportation adoption.

Indian washed coal prices surged to INR 8,750/t amid severe raw coal shortages and halted auctions. Meanwhile, sponge iron prices rose to INR 29,400/t, supported by firmer finished steel markets.

On Thursday, Sept. 17, Türkiye's day-ahead spot market electricity prices will peak at 4,149.99 liras and hit a low of 2,099.98 liras per megawatt-hour, with a total trade volume of 2.28 billion liras.