Energy & Petroleum News Today

Chemical prices rose sequentially in August 2026 due to higher crude oil and supply disruptions, though overall demand remained weak and Q2 prices stayed lower than Q1 levels.

Kenya reduced expensive thermal power usage to 8.1 percent, relying on increased electricity imports from Ethiopia to protect consumers from steep monthly electricity bills amidst rising demand.

State-owned NMDC will start commercial thermal coal production by the October-December period, targeting 1 MT sales in FY27, as part of its diversification to earn 20 percent non-iron ore revenue by 2030.

APCPDCL Chairman P Pullareddy directed officials to ensure uninterrupted power supply, swiftly resolve consumer grievances, reduce line losses, and conduct advance maintenance on vulnerable lines and overloaded transformers.

An evaluation of seven electric vehicles tested in 2026 highlights their real-world 20-80 percent charging times and peak speeds, with the Hyundai Ioniq 5 emerging as the fastest at 16 minutes.

In August 2026, cleaner-fuel alternatives like CNG, hybrids, and EVs reached 42% of India's passenger-vehicle sales, surpassing petrol's 41% share. EV sales grew 52% year-on-year, achieving 7.7% national penetration.

Priced at Rs 91.20 lakh, Lexus launches its first all-electric ES 500e in India. It delivers 343hp with a 580km claimed range, featuring smooth power and space, but suffers from a 380km real-world range and firm ride.

A Pakistani company and a global EV manufacturer have partnered to locally produce electric vehicles, supporting the government's goal for 30% electric vehicles and 60% clean energy by 2030.

The Central Electricity Authority proposed rules requiring new solar and wind plants commissioned after July 2027 to install battery storage equal to 10% of their capacity for grid stability.

OPEC+ is expected to keep its oil output policy unchanged for October. The group must review member production capacity to set 2027 baselines and quotas before making further output decisions.