Energy & Petroleum News Today

India's bitumen market remained firm despite a sharp correction in Brent crude prices, as supply-side disruptions, elevated freight costs, and constrained vessel availability continued to support prices. While easing geopolitical tensions reduced the oil risk premium, cautious buying during the monsoon and delayed Persian Gulf cargo arrivals kept procurement activity subdued.

Telangana launched a digital system for bulk power connections in Hyderabad, streamlining approvals for multi-storey projects. It reduces paperwork, speeds up processing, and waives development charges for projects over 20 kW, boosting urban development.

India's coal imports fell 13% to 21.13 mt in April 2026, with power sector imports dropping 25% due to improved domestic supplies. Coking coal imports rose 1.34%, reflecting reduced import dependence and growth.

Delhi's EV push faces roadblocks: many charging stations are non-functional or poorly maintained. Inspections found only 1 of 6-7 points working at Central Secretariat, 3 of 4 at Talkatora, and all at Rajghat non-operational.

Tata Chemicals MD R. Mukundan urged India and Japan to deepen cooperation in EVs, green hydrogen, battery storage, carbon capture, and renewable energy systems to strengthen economic partnership, addressing the India-Japan Joint Economic Forum.

India's solar capacity now exceeds 150 GW, driven by falling costs and supportive policies like PM Surya Ghar and PM-KUSUM. The sector creates jobs and attracts investment, playing a crucial role in meeting rising electricity demand.

India aims for fertiliser self-reliance by integrating agrivoltaics, maize, ethanol, and urea production. This system reduces reliance on imported gas (80% in 2025), cuts subsidies (INR 1.71 lakh crore in 2024-25), and boosts rural income.

China's Hengli Petrochemical cancelled 6 million barrels of crude oil (2M West African, 4M Middle Eastern) due to US sanctions. This led to a 50% cut in refinery output, shutting a 200,000-barrel-per-day unit, and depleting inventories.

MNRE urged CERC for technology-specific DSM rules for wind and solar projects, opposing uniform norms. It warns uniform charges increase financial risks, raise tariffs, and affect renewable viability, proposing a graded framework.

Caparo Power aims to deliver reliable, efficient, sustainable energy. Its 36 MW gas-based plant in Haryana serves 33 industrial clients with 99.67% uptime. Plans include expanding group captive plants and venturing into renewables and data centers.