Energy & Petroleum News Today

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.

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.

Pune Gas opened its 10th experience centre in Mangaluru to serve coastal Karnataka's industrial and commercial sectors with energy-efficient gas solutions, supporting the region's daily demand of 850 metric tonnes.

HEG Advanced Materials reports its 200 MWh Gujarat battery energy storage system is 64% complete, targeting Q3 FY27 commissioning with a 12-year licence period.

India launched the Rs 83,734 crore Samudra Manthan scheme, enabling year-round bidding for deepwater oil and gas blocks with financial support and simplified rules to boost hydrocarbon reserves.

Ahead of COP31, 44 Global South organisations representing over 2.5 lakh people demanded that major oil and gas companies legally and financially pay for climate change damage and establish a resilience fund.