Energy & Petroleum News Today

Despite record summer electricity demand and scorching temperatures, U.S. natural gas prices fell 6% to average $2.93, driven by a 22% surge in solar power generation and ample inventories.

French power market volatility surged in 2026, with record spot spreads averaging EUR214 per MWh and 800 negative pricing hours, significantly strengthening the economic viability and revenues of battery storage arbitrage.

PNGRB launched National PNG Drive 3.0 to enroll 50 lakh domestic PNG connections by fiscal 2027, converting 40 lakh to active users to promote cleaner fuel and infrastructure utilization.

India launched the ₹84,084-crore Samudra Manthan mission to boost offshore oil and gas exploration across eastern and western basins, aiming to reduce heavy import dependence and increase domestic production.

Milky Mist Dairy commissioned a new 10 MW solar plant in Tamil Nadu, boosting its total renewable energy portfolio to 41 MW with an investment of US$11.4 million.

Power supply in several Kashmir areas will be affected for up to six hours on October 3, 4, and 6 due to scheduled maintenance shutdowns of 33 kV transmission lines.

US propane exports reached a record 2 million bpd in 1H26, up 11% driven by rising production and strong demand from India, despite trade shifts and Panama Canal constraints.

CNG prices in MMR increased by Re 1 to Rs 89 per kg, marking the fifth hike in six months. Unions warn this erodes earnings, wiping out recent fare revisions despite soaring global energy costs.

The 2,000-MW Subansiri Lower Hydroelectric Project achieved a major milestone with the successful lowering of the 395-tonne generator stator for Unit 7, advancing towards full capacity.

While former NITI Aayog CEO Amitabh Kant pushes for an EV-only mandate under CAFE III, adopting a single-technology approach poses supply chain risks, as domestic battery manufacturing and charging infrastructure remain under development.