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Energy & Petroleum News Today

Latest Market News Of Energy & Petroleum

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Tata Motors shares FY27 Outlook: Aim for higher CV market share amidst subdued PV demand

Tata Motors shares FY27 Outlook: Aim for higher CV market share amidst subdued PV demand

Tata Motors aims to increase CV market share to 40% and PV market share to 16% by FY27, with EV penetration at 20%. Free cash flow to remain negative in the medium term.
MTAR Technologies shares rise after securing orders worth ₹19 crore

MTAR Technologies shares rise after securing orders worth ₹19 crore

MTAR Technologies secures ₹19.2 crore orders in clean energy and aerospace from Bloom Energy, ISRO, and Sanmina-SCI. The company's FY25 revenue grew by 16.4% to ₹676 crore.
India's $80 billion coal-power boom is running short of water

India's $80 billion coal-power boom is running short of water

India's $80B coal power plan faces water scarcity. Coal plants in water-stressed areas compete with residents, impacting power generation and livelihoods.
Indian government grants approval for LMEL’s expansion of iron ore mine

Indian government grants approval for LMEL’s expansion of iron ore mine

India's environment ministry approved LMEL's Gadchiroli iron ore mine output increase to 26 million mt/year from 10 million mt/year. The approval includes clearing 900 hectares of forest.
Private refiners tap India’s drivers as export markets tighten

Private refiners tap India’s drivers as export markets tighten

Due to weaker global demand, India's two largest private refiners are shifting focus to the domestic fuel retail market, which is worth $150 billion.
India’s fuel demand in May hit highest in over a year

India’s fuel demand in May hit highest in over a year

India's fuel demand surged to a 1-year high of 21.32 million metric tons in May, as per Oil Ministry data.
North Sea Crude-Forties, WTI Midland stable

North Sea Crude-Forties, WTI Midland stable

North Sea Forties and US WTI Midland crude differentials held steady on Friday, with bids and offers unchanged in the Platts window.
W. Africa Crude-Some Nigerian offers higher

W. Africa Crude-Some Nigerian offers higher

Nigerian crude oil prices rose due to increased demand and tighter supply for July. Qua Iboe and Bonny Light were offered at dated Brent plus $2.50, with July exports expected around 694,000 bpd, down from June's 760,000 bpd.
Urals diffs firm amid rising demand, Azeri BTC exports set to inch down in July

Urals diffs firm amid rising demand, Azeri BTC exports set to inch down in July

Urals crude oil differentials to dated Brent rose to their highest since 2022 in Indian ports due to increased demand for Russian barrels.
Grades mixed on expected dip in future supply, weakened refinery demand

Grades mixed on expected dip in future supply, weakened refinery demand

US energy firms cut oil and gas rigs for a sixth week, down to 559, the lowest since November 2021. Refinery capacity is also expected to decrease by 11,000 bpd.

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