Energy & Petroleum News Today

India’s base oil market is turning firm as crude and feedstock costs rise amid Middle East shipping and production disruptions. Group I and Group II spot availability has tightened, while Group III remains structurally short, pushing import replacement costs higher and encouraging buyers to replenish before further supply constraints emerge.

Propylene prices in Asia dipped by USD 25/mt on Wednesday, settling at USD 1180-1190/mt FOB Korea and USD 1220-1230/mt CFR China, driven by weak demand despite rising upstream crude rates.

Shell and Trinidad's National Gas Company agreed on gas supply terms for the Aphrodite field, targeting production by 2027. NGC also secured gas from EOG's Coconut project to boost local supplies.

India's non-fossil energy capacity crossed 300 GW. Power Secretary Pankaj Agarwal highlighted transmission expansion, grid management, and financially sustainable discoms as key challenges for the sector.

Recent maritime updates feature NOAA seeking bids for a 35-foot research boat, Vita Power delivering an electric RIB in Michigan, a new pilot boat for PNG Ports, a Russian buoy tender, and India launching an ocean research vessel.

Bangladesh targets 30% EVs by 2030, but stakeholders warn of severe environmental and public health hazards due to the lack of a comprehensive used battery recycling and disposal system.

The CISF seized 200 tonnes of coal in Jharkhand under its Zero Coal Leakage Policy, marking its first major enforcement success since taking over security duties in the region.

Tata Power EZ Charge has opened a new EV charging hub in Malvani, Mumbai, featuring eight parking bays and four fast-charging units, expanding its network to over 2,400 charging points in Maharashtra.

Locally assembled in India at Rs 1.95 crore, the BMW i7 50 xDrive delivers 483hp, a 112.5kWh battery with 728km range, pillowy ride comfort, and exceptional luxury, outperforming its petrol sibling.

Waaree Energies will merge Indosolar in a ₹9.5 billion ($100 million) deal to consolidate solar cell and module manufacturing, aiming to simplify operations, reduce costs, and improve efficiency.