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Energy & Petroleum News Today

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BofA: Plastic prices surge as Iran conflict disrupts petrochemical supply

BofA: Plastic prices surge as Iran conflict disrupts petrochemical supply

Despite West Asia Crisis, Fuel Supply Stable Nationwide. Excise Duty to Offset Global Crude Surge

Despite West Asia Crisis, Fuel Supply Stable Nationwide. Excise Duty to Offset Global Crude Surge

No government financial support planned for fuel retailers' petrol, diesel, ATF losses

No government financial support planned for fuel retailers' petrol, diesel, ATF losses

China Defies U.S. Sanctions: Oil, Iran and the Escalating Geopolitics of Energy Power

China Defies U.S. Sanctions: Oil, Iran and the Escalating Geopolitics of Energy Power

Fuel Price Hike Likely as OMC Losses Deepen, Crude Prices Stay Elevated

Fuel Price Hike Likely as OMC Losses Deepen, Crude Prices Stay Elevated

Trump Project Freedom: Strait of Hormuz Oil Crisis

Trump Project Freedom: Strait of Hormuz Oil Crisis

India’s Deep-Sea Oil Push: Govt Eyes ‘No-Go’ Zones to Cut Import Dependence

India’s Deep-Sea Oil Push: Govt Eyes ‘No-Go’ Zones to Cut Import Dependence

Russia takes advantage of expanding oil and gas market

Russia takes advantage of expanding oil and gas market

Most Strait of Hormuz shipping at a standstill despite latest US pledge

Most Strait of Hormuz shipping at a standstill despite latest US pledge

Kuwait’s oil production expected to reach 2.628 million bpd in June, state media reports

Kuwait’s oil production expected to reach 2.628 million bpd in June, state media reports

Shipping Freeze Deepens in Strait of Hormuz

Shipping Freeze Deepens in Strait of Hormuz

UAE: OPEC Exit 'Not Directed Against Anyone'

UAE: OPEC Exit 'Not Directed Against Anyone'

Ukrainian drones hit Russia's Primorsk port, oil tankers and military ships

Ukrainian drones hit Russia's Primorsk port, oil tankers and military ships

Russian Oil Cargo Set to Arrive in Japan Amid Supply Strains

Russian Oil Cargo Set to Arrive in Japan Amid Supply Strains

$125 Oil Could Tip Global Economy Into Recession

$125 Oil Could Tip Global Economy Into Recession

U.S. oil prices will exceed Iran wartime high to above $125 as conflict drags on, Kalshi traders say

U.S. oil prices will exceed Iran wartime high to above $125 as conflict drags on, Kalshi traders say

OPEC Report Shows Oil Demand Reached Over 105MMBpd in 2025

OPEC Report Shows Oil Demand Reached Over 105MMBpd in 2025

Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’

Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’

BLOG: Oil and product prices set to be ‘higher for longer’ as Hormuz remains closed

BLOG: Oil and product prices set to be ‘higher for longer’ as Hormuz remains closed

Japan ready to act on crude oil futures amid currency moves

Japan ready to act on crude oil futures amid currency moves

Latest Market News Of Energy & Petroleum

Daily Report News

Falling US oil inventories put upward pressure on fuel prices

Falling US oil inventories put upward pressure on fuel prices

Energy & Petroleum

Hellenic Shipping

Falling US oil inventories are putting upward pressure on fuel prices. Tankers, previously noted by Trump, are now delivering much-needed crude and products globally, impacting market supplies.

Chinese refineries prepare for potential US Iran sanctions: sources

Chinese refineries prepare for potential US Iran sanctions: sources

Energy & Petroleum

Hellenic Shipping

Chinese independent oil refineries are preparing for potential US sanctions on Iranian oil. They are establishing new entities and separate bank accounts to circumvent any imposed measures, according to industry sources.

Speculators hike net-long positions in Brent

Speculators hike net-long positions in Brent

Energy & Petroleum

Hellenic Shipping

Money managers and hedge funds increased net-long positions in ICE Brent futures by April 28, reflecting heightened speculative interest in oil markets.

17

Punjab power minister holds meeting with PSPCL officials, reviews infra damage due to rain

Punjab power minister holds meeting with PSPCL officials, reviews infra damage due to rain

Energy & Petroleum

news.abplive.com

Punjab Power Minister reviewed rain damage to PSPCL infrastructure, including 1,300 feeders, 1,500 poles, 300 transformers, and 70 km lines. Power was restored within 24 hours, with 83,000 complaints addressed. Future preparedness emphasized.

15

NlCIL signs non-disclosure agreement with EDF– france

NlCIL signs non-disclosure agreement with EDF– france

Energy & Petroleum

NLCIL and EDF-France signed an NDA on 27.04.2026 to explore nuclear project development in India, targeting 100 GW by 2047. This aligns with NLCIL's 20 GW capacity goal by 2030, utilizing EPR/SMR technologies for cleaner energy.

11

GT Voice: Warnings of heat waves signify global energy transition urgency

GT Voice: Warnings of heat waves signify global energy transition urgency

Energy & Petroleum

India's rising electricity demand due to heat waves leads to more coal use. With El Niño looming, global temperatures hit 1.58°C above pre-industrial levels. This highlights the urgent need for green energy transition, despite trade barriers, to meet climate goals.

Public Sector Energy and Clean Energy Expansion

Public Sector Energy and Clean Energy Expansion

Energy & Petroleum

money.rediff.com

India's nine public sector energy companies invested just 10% (Rs 260 billion) of their Rs 2.6 trillion FY25 capital in clean energy, with Rs 2.3 trillion in fossil fuels. IISD analysis urges redirection for emissions reduction and energy security.

Bondada Engineering eyes ₹10,000 cr investment for 25 GW RE, data centres

Bondada Engineering eyes ₹10,000 cr investment for 25 GW RE, data centres

Energy & Petroleum

business-standard.com

Bondada Engineering eyes ₹10,000 crore investment for 25 GW renewable energy by 2030, expanding into data centres and defence. It targets a ₹10,000 crore order book, including 16 GW solar and 9 GW BESS.

96

Gadkari assures Mizoram CM of strong push for highway development in state

Gadkari assures Mizoram CM of strong push for highway development in state

Energy & Petroleum

english.punjabkesari.com

Union Minister Gadkari assured Mizoram CM Lalduhoma of strong support for highway development, including upgrading NHs, sanctioning projects like Mamit-Bairabi, and considering resurfacing old roads. Discussions also covered cost reduction and 40% bitumen price rise.

22

Odisha Dy CM Singh Deo Reviews Power Preparedness for Summer and Kalbaisakhi Season

Odisha Dy CM Singh Deo Reviews Power Preparedness for Summer and Kalbaisakhi Season

Energy & Petroleum

pragativadi.com

Odisha's Dy CM reviewed power preparedness for summer and Kalbaisakhi, directing DISCOMs to ensure 24/7 reliable supply, strengthen infrastructure, enhance safety, and address consumer complaints promptly. Weekly compliance reports are mandated.

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