Energy & Petroleum News Today

India's base oil market is witnessing a firm-to-stable trend, supported by restricted Middle East cargo availability, elevated crude and feedstock costs, and logistical disruptions across key shipping routes. Group I and Group III grades face stronger upward pressure, while Group II prices remain relatively stable amid alternative import arrivals and fresh domestic capacity. Near-term pricing will depend on supply normalisation through the Strait of Hormuz and the availability of replacement cargoes.

Crude oil prices rebounded, with Brent nearing $100 per barrel. Global refinery inputs dropped due to Middle East and Russia disruptions, causing record diesel prices despite a partial recovery.

India's power discoms face transition challenges from renewables and EVs. Sustainable futures require revised operational metrics, agile procurement planning, accurate data reporting, and sound cash flow management amidst financial pressures.

India's power sector faces rising transmission costs and surging demand, projected to reach 700 GW by 2047. Experts emphasize cost-effective planning, storage integration, and better utility coordination for affordable supply.

Numaligarh Refinery partnered with CSIR-IICT to develop a continuous catalytic process converting captured carbon dioxide into formic acid, supporting NRL's Net Zero target by 2038.

China General Nuclear connected its 50 MW concentrated solar power plant, part of a 150 MW plateau project with a 2.4 billion yuan investment, to the grid at 4,300 meters altitude.

Andhra Pradesh power utilities successfully restored electricity to nearly 29 lakh consumers across cyclone-affected coastal districts, deploying thousands of personnel to repair severely damaged infrastructure and sub-stations.

Nigeria's power crisis worsens due to inadequate gas supply and falling hydro capacity, cutting total generation to 2,556 MW and forcing households and businesses to rely on alternative energy sources.

Mahindra aims for 12,000 monthly EV sales by March 2027 through capacity expansion and five new launches, narrowing the gap with market leader Tata Motors amid strong demand and growth.

First Solar is investing an additional $150 million, bringing its cumulative Indian investment near $1 billion, while urging government policy certainty to support advanced solar manufacturing.