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Energy & Petroleum News Today

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Chennai Power Shutdown Disrupts Daily Urban Services

Chennai Power Shutdown Disrupts Daily Urban Services

Chennai faces a scheduled power shutdown on July 24 affecting thousands of households and businesses across multiple neighborhoods for essential routine maintenance and grid infrastructure upgrades.
Adani Total Gas Targets 10,000 EV Charging Points and Eyes Operating Margin Recovery

Adani Total Gas Targets 10,000 EV Charging Points and Eyes Operating Margin Recovery

Adani Total Gas reported a 27.26% revenue rise to ?1,906.79 crore in Q1 FY27, but net profit fell 14.23% to ?141.72 crore due to higher gas procurement costs. It targets 10,000 EV charging points.
Hydel shock looms as Karnataka dries out

Hydel shock looms as Karnataka dries out

Karnataka faces a 60% drop in hydel power due to a 42% June and 34% July rainfall deficit, forcing reliance on thermal plants as daily power consumption surges to 281.68 million units.
Crude Oil Inventories Surge, Surpassing Forecasts and Previous Levels

Crude Oil Inventories Surge, Surpassing Forecasts and Previous Levels

U.S. crude oil inventories surged by 2.010 million barrels, starkly contrasting with market forecasts that had anticipated a decline of 2.000 million barrels, according to the latest EIA data.
Dwindling fuel reserves leave energy markets exposed to renewed Middle East shocks: IMF

Dwindling fuel reserves leave energy markets exposed to renewed Middle East shocks: IMF

Dwindling global fuel reserves and potential Middle East conflicts threaten to prolong commodity price volatility, disrupt energy supply chains, and keep oil and gas prices elevated, according to the IMF.
LNG surge lifts Korea SMP, spurs push to cap prices and avert power hikes

LNG surge lifts Korea SMP, spurs push to cap prices and avert power hikes

Surging global liquefied natural gas prices are driving up South Korea's system marginal price, prompting authorities to consider implementing price caps to avert impending power rate hikes.
IEA head flags European exposure to longer Hormuz LNG disruptions

IEA head flags European exposure to longer Hormuz LNG disruptions

The IEA warns that prolonged disruptions in Persian Gulf LNG exports risk creating tighter supply conditions and increased market exposure for global buyers, impacting long-term energy availability.
Reliance BP KG-D6 Gas Output Falls Seven Per Cent in June Quarter

Reliance BP KG-D6 Gas Output Falls Seven Per Cent in June Quarter

Natural gas production at Reliance and BP's KG-D6 fields fell seven percent year-on-year to 24.8 million standard cubic metres per day in the June quarter due to unexpected water and sand ingress.
Slack demand, surging inventory pressurize US coal prices

Slack demand, surging inventory pressurize US coal prices

In June 2026, US coal producers faced reduced Q1 earnings due to low domestic demand and high stockpiles, though Asia-Pacific coking and thermal coal markets may help offset these pricing pressures.
Kolkata Fuel Prices Shape Daily Commuting Costs 

Kolkata Fuel Prices Shape Daily Commuting Costs 

In Kolkata, petrol retails at ₹113.51 and diesel at ₹99.82 per litre, weighing heavily on household budgets, transport costs, and urban inflation despite stable domestic prices.

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