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Energy & Petroleum News Today

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U.S. Crude Inventories Drop amid Continued SPR Draws

U.S. Crude Inventories Drop amid Continued SPR Draws

Bessent Says Strait of Hormuz Obsolete Within Two Years

Bessent Says Strait of Hormuz Obsolete Within Two Years

Markets drift lower in early trade amid higher oil prices, fresh US-Iran tensions

Markets drift lower in early trade amid higher oil prices, fresh US-Iran tensions

Two Supertankers Hit by Unknown Projectiles in Strait of Hormuz

Two Supertankers Hit by Unknown Projectiles in Strait of Hormuz

Oil prices rise as latest fighting resurrects Middle East supply disruption risks

Oil prices rise as latest fighting resurrects Middle East supply disruption risks

Rajasthan plans to raise crude oil production to 80,000 barrels per day

Rajasthan plans to raise crude oil production to 80,000 barrels per day

Price, Not Politics, Is Driving Most of India’s Oil Buying

Price, Not Politics, Is Driving Most of India’s Oil Buying

From scale to longevity: Building solar assets that last

From scale to longevity: Building solar assets that last

Iran loses ground on trade as war hits oil and non-oil exports

Iran loses ground on trade as war hits oil and non-oil exports

Argentina oil exports close in on soy complex as Vaca Muerta grows

Argentina oil exports close in on soy complex as Vaca Muerta grows

ONGC Invests $736M in Strategic Crude Storage to Boost India's Energy Security - News and Statistics

ONGC Invests $736M in Strategic Crude Storage to Boost India's Energy Security - News and Statistics

News by CNBC TV18 on TradingView, 2026-08-31 — cnbctv:86209d336094b:0

News by CNBC TV18 on TradingView, 2026-08-31 — cnbctv:86209d336094b:0

Oil Majors’ Output in the Middle East

Oil Majors’ Output in the Middle East

LNG Exports Though Hormuz Remain Stalled Even as Oil Flows Rebound

LNG Exports Though Hormuz Remain Stalled Even as Oil Flows Rebound

Cheaper Saudi crude offers relief to Indian OMCs, but rising LNG costs loom from Sept: Equirus

Cheaper Saudi crude offers relief to Indian OMCs, but rising LNG costs loom from Sept: Equirus

West Asia conflict showed resilience has to be built before it is tested, says Indian Oil Chairman

West Asia conflict showed resilience has to be built before it is tested, says Indian Oil Chairman

IOC Boosts LPG, Refineries Amid Hormuz Disruption

IOC Boosts LPG, Refineries Amid Hormuz Disruption

Kolkata Fuel Prices Hold Steady as Oil Markets Shift

Kolkata Fuel Prices Hold Steady as Oil Markets Shift

Kolkata Region Gains New Energy Link With Bengal Oil

Kolkata Region Gains New Energy Link With Bengal Oil

Kolkata Energy Shift Opens New Economic Questions

Kolkata Energy Shift Opens New Economic Questions

Latest Market News Of Energy & Petroleum

Daily Report News

Indian LNG imports surge to six-year high even as prices spike

Indian LNG imports surge to six-year high even as prices spike

Energy & Petroleum

thehindubusinessline.com

India's LNG imports surged 40% year-on-year in August to 2.6 million tons, a six-year high, as fertilizer and fuel distributors bought expensive spot shipments despite prices more than doubling.

83

India's oil imports from US, Venezuela largely a function of price: ONGC Chairman

India's oil imports from US, Venezuela largely a function of price: ONGC Chairman

Energy & Petroleum

thehindubusinessline.com

ONGC Chairman Arun Kumar Singh stated that over 60 percent of India's oil imports are driven by prevailing prices. He emphasized that ONGC's integrated business model balances price volatility effectively.

93

Windfall tax slashed on fuel exports

Windfall tax slashed on fuel exports

Energy & Petroleum

The Economic Times

The government has reduced windfall taxes on petroleum exports, cutting levies on petrol to ₹1.15 per litre, diesel to ₹25 per litre, and ATF to ₹19 per litre, effective from September 3, 2026.

UK Natural Gas Prices Surge

UK Natural Gas Prices Surge

Energy & Petroleum

Hellenic Shipping

UK natural gas prices surged over 4% to exceed 172 pence a therm, reaching their highest level since January 2023 due to heightened US-Iran tensions threatening Europe's supply security.

117

European gas rally accelerates as US-Iran strikes threaten LNG shipping ahead

European gas rally accelerates as US-Iran strikes threaten LNG shipping ahead

Energy & Petroleum

Hellenic Shipping

European natural gas prices surged to their highest levels since March amid escalating Persian Gulf military conflict and rising wholesale contracts, intensifying fears of a severe winter supply crunch.

115

Mumbai Sees New Costs For Travel And Milk

Mumbai Sees New Costs For Travel And Milk

Energy & Petroleum

Mumbai households face higher living costs as prices for milk, CNG, PNG, and auto-rickshaw and taxi fares increase from September 1, straining daily household budgets and transport expenses.

VinFast India plans intact, new EV launches planned

VinFast India plans intact, new EV launches planned

Energy & Petroleum

timesofindia.indiatimes.com

VinFast has reaffirmed its commitment to the Indian market, confirming that production and CKD assembly plans at its Thoothukudi facility remain intact alongside future EV localization strategies.

India Oil Diversification: 5 Markets Gain Importance

India Oil Diversification: 5 Markets Gain Importance

Energy & Petroleum

India is diversifying its oil imports beyond traditional sources, relying on spot purchases for over 60% of needs while facing nearly 90% import dependence to ensure energy security and economic optimization.

67

India’s First Platinum Lok Bhavan

India’s First Platinum Lok Bhavan

Energy & Petroleum

Lok Bhavan has become India's first platinum-rated green campus under the IGBC v1 system, scoring 88 out of 100 with over 80 percent green cover and significant solar and water conservation milestones.

55

Bharat Petroleum targets completion of Bina petchems complex expansion project by May 2028

Bharat Petroleum targets completion of Bina petchems complex expansion project by May 2028

Energy & Petroleum

Bharat Petroleum aims to complete its Bina petrochemicals complex expansion project, increasing production to 2.2 million metric tonnes per year, by May 2028.

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