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.

Research suggests Pakistan's energy sector could save $17 billion by revising generation plans, reduce peak demand through building efficiency, and transition largely to renewables by 2040.

Pentagreen Capital and Candi Solar formed a $50 million partnership to develop 400 MWp of solar and battery storage projects, generating 560 GWh annually to decarbonize Indian SMEs.

India's October EV retail registrations hit a record 355,000 units, up 44.88% year-on-year, though penetration slipped across most segments due to supply constraints failing to keep pace with strong demand.

India-bound coal freight rates declined across key routes due to weak import demand and no fresh fixtures. Meanwhile, bunker prices fell sharply to $854/tonne amid lower crude oil prices.

ONGC Group is negotiating long-term US ethane contracts, securing 600 KTPA terminal capacity at Dahej and investing in two Very Large Ethane Carriers to support its petrochemical operations.

Tripura has achieved a major rooftop solar milestone, bringing clean energy access to thousands of households, promoting decentralized power generation, reducing grid dependence, and supporting India's renewable energy transition.

India rose to 45th in the green transition ranking as 2025 emissions fell 0.2% despite 7.6% economic growth, driven by a surge in low-carbon electricity, though rising fossil subsidies pose risks.

Gulf Oil Lubricants India marks 125 years, targeting a 70% capacity increase to 240 million litres by 2027 while expanding into electric mobility, EV charging, and sustainable energy solutions.

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.