Energy & Petroleum News Today

Former secretary Dinesh Kumar Ghimire emphasized prioritizing domestic electricity consumption over cross-border exports, noting Nepal's suppressed demand of up to 6,000 megawatts requires urgent transmission and solar infrastructure development.

Coal India denies supply shortages, claiming it exceeded contractual fuel commitments to NTPC, despite the power producer facing critically low coal stocks at several generation plants.

US gasoline futures climbed above $3.22 per gallon as market traders carefully evaluated the potential outcomes of a Russia–Ukraine energy ceasefire.

Goldman Sachs raised its December 2026 crude oil forecast by 6% to $90 per barrel due to West Asia supply risks, while projecting a 2027 worst-case price of $125.

Global coal demand is surging to all-time highs as a severe LNG shortage, driven by Persian Gulf conflicts, makes coal 80 percent cheaper than liquefied natural gas ahead of winter.

Kenya's parliamentary delegation toured Nigeria's Dangote refinery as preparations advance for a similar Ksh2.08 trillion integrated facility in Lamu, targeting 700,000 barrels daily to reduce fuel import dependence.

Hyundai and TVS are partnering to launch an electric three-wheeler in India by late 2027, targeting a monthly production of 3,000 to 4,000 units to enhance safety and comfort in urban transport.

The US Department of Energy authorized releasing up to four million barrels of crude to ExxonMobil and BP to counter Hurricane Isaias disruptions, requiring repayment with a premium by 2027 amid low reserves.

Telangana has invited tenders to procure 5,800 MW of renewable energy, including solar, wind, and storage systems, to enhance long-term grid security and meet surging electricity demand.

Global feedstock prices eased as oil fell on Russian supply prospects. Meanwhile, Indian polymer prices diverged, with RIL revising PE and SPL raising PS prices by INR 3/kg amid mixed domestic trends.