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Energy & Petroleum News Today

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Weekly Ocean Freight Update: Mixed Rate Movements Across Key Trade Lanes

Weekly Ocean Freight Update: Mixed Rate Movements Across Key Trade Lanes

Ocean freight rates showed mixed movements as of Dec 17, 2025. Asia-US West Coast declined 6% to $1,964/FEU, while Asia-US East Coast rose 8% to $3,150/FEU. Asia-Europe routes saw 1% declines.
AM Green and Mitsui Sign MoU to Explore Low-Carbon Aluminium Partnership

AM Green and Mitsui Sign MoU to Explore Low-Carbon Aluminium Partnership

AM Green and Mitsui signed an MoU for a low-carbon aluminium partnership. Mitsui will explore investing in AM Green's 1 MTPA green aluminium smelter and 2 MTPA alumina refinery, powered by renewables. AM Green targets 1 MTPA green aluminium by 2030.
Readily Mobility Plans IPO, Expands Solar Commissioning and OandM Portfolio in India

Readily Mobility Plans IPO, Expands Solar Commissioning and OandM Portfolio in India

Readily Mobility plans an IPO of ~INR 100 crore, valued at INR 700-750 crore, to expand its 700-800 MW solar commissioning and O&M portfolio in India, including rooftop solar, strengthening its clean-energy after-sales platform.
DERC Proposes Draft Amendment 2025 To Expand Virtual And Group Net Metering For Renewable Energy In Delhi

DERC Proposes Draft Amendment 2025 To Expand Virtual And Group Net Metering For Renewable Energy In Delhi

DERC's 2025 draft expands virtual/group net metering for all Delhi consumers. DISCOMs will bear infrastructure costs (11kV and below) up to thresholds: BRPL 110 MW, TPDDL 100 MW, BYPL 30 MW, NDMC 10 MW, boosting renewable energy adoption.
Parliamentary panel urges priority clearances for critical mineral projects amid delays - domain

Parliamentary panel urges priority clearances for critical mineral projects amid delays - domain

A parliamentary panel urges priority clearances for critical mineral projects, citing delays in operationalizing 486 auctioned blocks since 2015. It recommends an inter-ministerial task force, penalties, and incentives to boost India's energy security and self-reliance.
Coal demand rises in Asia despite booming renewables

Coal demand rises in Asia despite booming renewables

Coal demand in India and Southeast Asia is projected to rise 3% and 4% annually until 2030, respectively, despite booming renewables. The IEA estimates these regions will buoy coal use through 2030.
Delhi CM Rekha Gupta flags off new electric buses

Delhi CM Rekha Gupta flags off new electric buses

Delhi CM Rekha Gupta flagged off 100 new electric buses and launched the Delhi-Dharuhera interstate service. Delhi, with ~3,400 electric buses, aims for a full electric fleet, reviving university services, and introducing a 'pink card' for women.
Front-quarter prices slip on rain forecasts

Front-quarter prices slip on rain forecasts

Nordic front-quarter power prices fell 0.44% to 57 euros/MWh on rain forecasts. The system price plunged 60.75% to 25.43 euros/MWh, while front-year prices remained unchanged.
Charging the Future: How India’s EV charging network is evolving and what it means for consumers

Charging the Future: How India’s EV charging network is evolving and what it means for consumers

India's EV charging network is rapidly expanding, with over 26,000 live public chargers. Government funding (₹800 crore) and GST cuts (18% to 5%) are boosting growth, aiming for transparent pricing and improved quality for consumers in the next 12-24 months.
JSW Energy to double Salboni thermal power project to 3,200 MW; investment rising to ₹40,000 cr

JSW Energy to double Salboni thermal power project to 3,200 MW; investment rising to ₹40,000 cr

JSW Energy will double its Salboni thermal power project in West Bengal to 3,200 MW, with investment rising to ₹40,000 crore. This expansion marks a major private-sector power investment, strengthening the state's energy supply.

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