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Energy & Petroleum News Today

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US natgas slips over 4% on stronger-than-expected storage build

US natgas slips over 4% on stronger-than-expected storage build

US natural gas futures dropped over 4% on Friday due to a federal report indicating a larger-than-expected storage build last week.
India calls Angola a key partner for energy security, looks to diversify trade

India calls Angola a key partner for energy security, looks to diversify trade

India's President Droupadi Murmu highlighted Angola as a crucial partner for energy security, aiming to strengthen energy ties and diversify trade. Supplies from the African nation are vital for India's energy needs.
Discount on Western Canada Select narrows slightly

Discount on Western Canada Select narrows slightly

The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed slightly on Thursday.
W.Africa Crude-Angolan grades overhang ahead of January programme release

W.Africa Crude-Angolan grades overhang ahead of January programme release

West African crude oil differentials remained steady as unsold Angolan December cargoes persist. This situation precedes the upcoming January schedule release, indicating a potential overhang in the market.
Oil falls on signs Russia’s Novorossiysk port resumes operations

Oil falls on signs Russia’s Novorossiysk port resumes operations

Oil prices fell as Russia's Novorossiysk port resumed operations after a strike. Brent slipped below $64, WTI toward $59. A large market surplus and surging refinery margins due to global outages are capping price gains.
Gasoline cracks fall

Gasoline cracks fall

Northwest European gasoline profit margins fell by $1.70 to $23.34 a barrel on Friday, despite supply shortage concerns. This drop followed a rise in the previous session.
Cantonment Metro–Rail Link Shelved as BMRCL Weighs Shuttle Service Option

Cantonment Metro–Rail Link Shelved as BMRCL Weighs Shuttle Service Option

BMRCL shelved the Cantonment Metro-Rail foot overbridge plan (Rs 41.36-crore) due to land/funding issues. An EV shuttle is considered for the 21.26-km Pink Line, opening by Dec 2026. Land acquisition for station access is ongoing.
Ujjain-Shajapur region set to be hub for green energy

Ujjain-Shajapur region set to be hub for green energy

Ujjain-Shajapur region is set to become a green energy and solar equipment manufacturing hub with Rs 8,174 crore investment in 6 units, creating 15,000 jobs. Jackson Solar's Rs 7,104.89 crore unit will be operational by July 2026.
111Singareni CMD launches 150 kW rooftop solar project in Tekulapalli

111Singareni CMD launches 150 kW rooftop solar project in Tekulapalli

Singareni CMD N. Balaram Naik launched a 150 kW rooftop solar project at Tekulapalli Colony, Illandu Area. He also performed bhoomi puja for a proposed library building at Regallapadu, assuring early completion.
Bad news for commuters in Mumbai as cabs, public transport may be affected due to...

Bad news for commuters in Mumbai as cabs, public transport may be affected due to...

Mumbai's main CNG pipeline suffered third-party damage at Wadala, affecting public transport like cabs and buses across Mumbai, Thane, and Navi Mumbai. MGL prioritizes residential supply; restoration timeline is unknown.

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