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Energy & Petroleum News Today

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Tesla to open first India store on July 15 in Mumbai

Tesla to open first India store on July 15 in Mumbai

Tesla will open its first showroom in Mumbai, India, on July 15. The showroom, called an "experience center," marks Tesla's official entry into the Indian market.
Soon, 500 electric buses to ply across Noida, Greater Noida. Check the routes

Soon, 500 electric buses to ply across Noida, Greater Noida. Check the routes

Noida Authority will launch 500 electric buses across Noida, Greater Noida, and Yamuna Expressway. The project, costing Rs 675 crore, aims to improve frequency with buses every 10 minutes.
Refinery closures present risk for higher gasoline prices on the West Coast

Refinery closures present risk for higher gasoline prices on the West Coast

Two refinery closures in California could reduce the state's oil refinery capacity by 17% within a year, potentially increasing fuel price volatility on the West Coast.
US natgas prices climb 2% on rising flows to LNG export plants

US natgas prices climb 2% on rising flows to LNG export plants

US natural gas futures rose about 2% due to increased flows to LNG export plants and hotter weather forecasts raising demand expectations.
Gasoline crack falls despite stock draws

Gasoline crack falls despite stock draws

Asian gasoline crack dipped to $8.62/barrel despite stock draws in Singapore and the US. Increased supply from China and India, coupled with higher gasoil margins, are driving the decline.
UAE says ready for another oil capacity boost if markets require

UAE says ready for another oil capacity boost if markets require

UAE is prepared to increase oil production capacity beyond 2027 if market demands necessitate, potentially placing it among the top five global oil producers.
OPEC launches WOO 2025 and sees global oil demand at almost 123 mb/d in 2050

OPEC launches WOO 2025 and sees global oil demand at almost 123 mb/d in 2050

OPEC's 2025 World Oil Outlook projects global oil demand to reach almost 123 million barrels per day by 2050. The WOO provides insights into the future of oil and energy.
Middle East Crude-Oman hits near three-week high, Dubai edges down

Middle East Crude-Oman hits near three-week high, Dubai edges down

Oman's Middle East crude benchmark premium reached a near three-week high on Thursday, while Dubai's premium saw a slight decline.
Discoms seek APERC nod to revise power tariffs

Discoms seek APERC nod to revise power tariffs

Three Andhra Pradesh power distribution companies seek tariff revisions. EPDCL requests a decrease, while CPDCL and SPDCL propose an increase, despite already collecting additional FPPCA charges.
Butane Market to Reach USD 251.96 Million tons by 2030, Driven

Butane Market to Reach USD 251.96 Million tons by 2030, Driven

The butane market is projected to grow from USD 204.82 million tons in 2025 to USD 251.96 million tons by 2030, at a CAGR of 4.23%. Growth is driven by LPG demand and petrochemical feedstock use.

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