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Energy & Petroleum News Today

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US-Iran War: Why India Faces a Dark Economic Winter

US-Iran War: Why India Faces a Dark Economic Winter

India’s current account deficit may widen to 2.2% of GDP in FY27 due to costlier crude, gas and fertilisers: Crisil

India’s current account deficit may widen to 2.2% of GDP in FY27 due to costlier crude, gas and fertilisers: Crisil

Can Oman-Gujarat Pipeline Boost India’s Energy Security?

Can Oman-Gujarat Pipeline Boost India’s Energy Security?

100 days of US-Israel war against Iran: Asia bears brunt of energy crisis, accelerates clean energy push

100 days of US-Israel war against Iran: Asia bears brunt of energy crisis, accelerates clean energy push

Daily News Update From Sarkaritel: June 09, 2026

Daily News Update From Sarkaritel: June 09, 2026

Venezuela: Rodríguez Eyes Investment, Trade Opportunities in India Trip

Venezuela: Rodríguez Eyes Investment, Trade Opportunities in India Trip

ATF prices rise about 10% as oil companies roll out fixed pricing

ATF prices rise about 10% as oil companies roll out fixed pricing

The Oil Shock Is Weakening India’s Economy and Finances

The Oil Shock Is Weakening India’s Economy and Finances

Oil prices fall amid fragile Israel-Iran truce; Hormuz blockade remains

Oil prices fall amid fragile Israel-Iran truce; Hormuz blockade remains

Asia Is in the Eye of the Energy Crisis

Asia Is in the Eye of the Energy Crisis

Giant Oil Supertanker Orders Eclipse Record

Giant Oil Supertanker Orders Eclipse Record

NH builders seek predefined input rates for projects under active bids

NH builders seek predefined input rates for projects under active bids

China’s Oil Imports Plummet to Eight-Year Low

China’s Oil Imports Plummet to Eight-Year Low

India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions

India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions

Rosneft’s Sechin warns Hormuz crisis threatens long-term oil demand

Rosneft’s Sechin warns Hormuz crisis threatens long-term oil demand

Oil Gives Back Most of Monday Gains

Oil Gives Back Most of Monday Gains

Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care

Kuwait Offers First Crude Cargoes to Asia since Iran War Started

Kuwait Offers First Crude Cargoes to Asia since Iran War Started

Canadian power prices fell for most provinces in recent years, C.D. Howe study finds

Canadian power prices fell for most provinces in recent years, C.D. Howe study finds

Latest Market News Of Energy & Petroleum

Daily Report News

Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flows

Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flows

Energy & Petroleum

The Economic Times

Brazil offers to ramp up crude supplies to India, doubling April shipments to 275,000 bpd amid Gulf disruptions. India's BPCL secured 12 million barrels for FY27, with OVL exploring a $1.17 billion investment, strengthening energy ties.

India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrels

India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrels

Energy & Petroleum

The Economic Times

India and UAE are expanding strategic crude oil reserves from 5.8 to 30 million barrels, and developing gas reserves. This aims to boost India's energy security, which relies 88% on crude imports, involving joint investments and new facilities.

Kolkata Gas Network Expansion Nears Urban Households

Kolkata Gas Network Expansion Nears Urban Households

Energy & Petroleum

Kolkata's piped natural gas network expansion aims to improve household energy access, support cleaner urban growth, and reduce reliance on traditional fuels. Despite execution challenges, it's crucial for a low-carbon urban transition.

126

Japan's Chubu Electric set to buy $150 million stake in Continuum Green

Japan's Chubu Electric set to buy $150 million stake in Continuum Green

Energy & Petroleum

economictimes.indiatimes.com

Japan's Chubu Electric will invest $150 million for a 13-14% stake in India's Continuum Green Energy, valuing it at $1.1-1.2 billion. This expands Chubu's presence in India's 4.7 GW clean energy market.

Renault EV orders have surged in Europe since Iran war began, says CEO

Renault EV orders have surged in Europe since Iran war began, says CEO

Energy & Petroleum

auto.economictimes.indiatimes.com

Renault's EV orders surged 50% in markets like France/Germany due to high fuel prices linked to the "Iran war." European EV sales jumped 29% in four months. Renault plans more shifts and cheaper LFP batteries to meet demand.

101

MCA-Nepal breaks ground on substations and 297-kilometer transmission line

MCA-Nepal breaks ground on substations and 297-kilometer transmission line

Energy & Petroleum

en.nepalkhabar.com

MCA-Nepal broke ground on 297km transmission lines and substations, a $747M US-Nepal project. This infrastructure will strengthen Nepal's grid, improve reliability, and boost regional energy integration for economic growth.

1116

India Identifies 102 GW Floating Solar Potential Across Lakes, Dams And Reservoirs

India Identifies 102 GW Floating Solar Potential Across Lakes, Dams And Reservoirs

Energy & Petroleum

India identifies 102.18 GW floating solar potential across water bodies, reducing land pressure. NISE assessment shows 2-8% higher efficiency, but costs are 25% higher than ground-mounted systems.

1117

Karnataka sold ₹423 crore power to national grid despite record summer demand

Karnataka sold ₹423 crore power to national grid despite record summer demand

Energy & Petroleum

timesofindia.indiatimes.com

Karnataka sold ₹423 crore surplus power to the national grid (April-June 2026) at ₹9.08/unit, despite high demand. The state recorded 18,655 MW peak demand in 2025-26, projecting 38,205 million units generation for 2026-27.

Energy News Monitor | Volume XXII, Issue 43and44

Energy News Monitor | Volume XXII, Issue 43and44

Energy & Petroleum

India's coal production hit a record 1.04 billion tonnes, reducing imports. Fuel prices rose due to West Asia tensions, impacting OMCs. India is boosting energy security via domestic coal, gasification, CCUS, and BESS, while facing supply challenges.

Telangana Plans Solar Expansion Across Irrigation Assets

Telangana Plans Solar Expansion Across Irrigation Assets

Energy & Petroleum

Telangana plans large-scale solar expansion across irrigation assets like reservoirs and canals to reduce electricity costs. This initiative aims for several thousand megawatts, integrating clean energy for sustainability and energy security.

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