Energy & Petroleum News Today

UK natural gas prices surged over 150% to 187 pence a therm due to escalating supply concerns linked to the Strait of Hormuz, tightening the domestic market significantly.

President Trump stated that oil prices will fall sharply once the conflict with Iran ends soon, highlighting increased oil flows through the Strait of Hormuz and potential upcoming negotiations.

In the week ending 25 September, the total number of active drilling rigs for crude oil and natural gas in the US increased by four, bringing the overall count to 599.

China added U.S. coal to a $30 billion mutual tariff cut list and committed to expanding imports, aiming to ease ongoing trade tensions between the two nations.

The state government aims to grow Pune's economy to $220 billion by 2036 through 58 priority projects, targeting 10% growth, 20 lakh new jobs, and enhanced public transport.

BEST opposes Adani's bid for Dharavi's power market, fearing the loss of 87,000 consumers, while planning a task force to expand its distribution network across Mumbai's suburbs.

Nepal plans to import 1,154 MW of electricity from India during the dry season to manage power shortages caused by flood damages to domestic hydropower plants.

The global lithium carbonate market is projected to grow from 1.41 million tons in 2026 to 3.93 million tons by 2031, registering a 22.74% CAGR driven by accelerating EV battery demand.

Punjab State Power Corporation Limited suspended power disconnections for domestic consumers facing default payments due to incorrect and inflated bills caused by technical migration and meter readers' strikes.

The EU and China are holding intensive trade talks ahead of an October deadline to establish import quotas and EV export restrictions, amid rising job losses and fierce industrial competition.