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Energy & Petroleum News Today

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China to hit oil demand peak by 2030

China to hit oil demand peak by 2030

China, a major global oil demand driver, is projected to hit its consumption peak by 2030, specifically during its 15th Five-Year Plan (2026-30). This is driven by the rapid growth of electric vehicles and new energy sources.
Diesel market structure weakens further amid longer supply worries

Diesel market structure weakens further amid longer supply worries

Asia's diesel market structures weakened due to lengthy regional supplies for January and a squeezed east-west arbitrage spread, further softening the market amid ongoing supply worries.
Grades rise as US rig count falls, refinery demand edges up

Grades rise as US rig count falls, refinery demand edges up

Oil grades increased as the U.S. rig count dropped to its lowest in over four years. This rise was further supported by an uptick in refinery demand, indicating a shift in market dynamics.
Forties offered higher

Forties offered higher

North Sea Forties crude was offered at slightly firmer levels on Friday in the Platts window, following ExxonMobil's search for buyers the previous day.
India Gets 7-Seat Electric SUV for … $32,900!

India Gets 7-Seat Electric SUV for … $32,900!

Mahindra launched India's first 7-seat electric SUV, the XEV 9S, for $32,900 (₹19.95 Lakh). It features a 70 kWh battery, 500 km range, 180 kW fast charging, and 4076 L cabin space, aiming to boost India's EV market.
Andhra Pradesh chief secretary K Vijayanand urges faster rooftop solar installations for SC/ST homes

Andhra Pradesh chief secretary K Vijayanand urges faster rooftop solar installations for SC/ST homes

Andhra Pradesh Chief Secretary urged faster rooftop solar installations for SC/ST homes, warning against delays. Over 1 lakh applications received, 16,000 installations (57 MW) completed. Nearly 1.9 lakh SC/ST consumers identified.
Bengaluru to face power cut on December 22. Check timings and affected areas

Bengaluru to face power cut on December 22. Check timings and affected areas

Bengaluru will experience a power cut on December 22 from 10 am to 5 pm in several south-west areas. This is due to quarterly maintenance at the 66/11 KV Kambipura substation. Residents are urged to cooperate with BESCOM and KPTCL.
Mizoram to outsource seven mini hydel plants, plans two new power projects - Northeast News - Northeast India news 24×7

Mizoram to outsource seven mini hydel plants, plans two new power projects - Northeast News - Northeast India news 24×7

Mizoram plans to outsource seven mini hydel plants, while developing two new projects: 24 MW Tuirini (₹676 Cr) and 132 MW Tuivai (₹2,400 Cr). Six new 66 MW solar parks are also planned.
Global coal demand hits record high in 2025 despite climate pledges

Global coal demand hits record high in 2025 despite climate pledges

Global coal demand hit a record 8,845 million tons in 2025, up 0.5%, with production reaching 9.1 billion tonnes, driven by China (4,666 Mt) and India. IEA expects a decline over the next five years despite current highs.
EVs driving India’s growth in clean mobility and jobs: Minister

EVs driving India’s growth in clean mobility and jobs: Minister

Union Minister Dr. Jitendra Singh affirmed EVs are driving India's growth in clean mobility, environmental protection, and job creation. He emphasized their user-friendly nature and role in entrepreneurship, aligning with India's sustainable future vision.

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