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Energy & Petroleum News Today

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Modi Urges Indians to Conserve Fuel as Oil Shock Spreads

Modi Urges Indians to Conserve Fuel as Oil Shock Spreads

Asia braces for second wave of energy shocks from Iran war

Asia braces for second wave of energy shocks from Iran war

Godavari Biorefineries Set to Commission Ethanol Facility in Karnataka

Godavari Biorefineries Set to Commission Ethanol Facility in Karnataka

Travel and Tourism stocks fall after PM Modi speech on fuel conservation, international travel

Travel and Tourism stocks fall after PM Modi speech on fuel conservation, international travel

PM Modi clueless about ensuring India’s energy security: Congress

PM Modi clueless about ensuring India’s energy security: Congress

India tells citizens to shun gold, cut fuel use amid energy crisis

India tells citizens to shun gold, cut fuel use amid energy crisis

Oil Prices Jump After Trump Rejects Iran’s Peace Proposal

Oil Prices Jump After Trump Rejects Iran’s Peace Proposal

Japan Receives First Central Asian Crude Since Iran War Began

Japan Receives First Central Asian Crude Since Iran War Began

Morgan Stanley: Oil Buffers Could Run Out Before Hormuz Reopens

Morgan Stanley: Oil Buffers Could Run Out Before Hormuz Reopens

Indian state oil refiners eye modest fuel price hike as losses mount

Indian state oil refiners eye modest fuel price hike as losses mount

Panel To Review Domestic Petroleum Production Amid West Asia Crisis

Panel To Review Domestic Petroleum Production Amid West Asia Crisis

The Commodities Feed: Oil surges as peace deal hopes fade

The Commodities Feed: Oil surges as peace deal hopes fade

Oil Traders Adding Back Supply Risk Premium

Oil Traders Adding Back Supply Risk Premium

Oil Tankers Go Dark to Exit the Strait of Hormuz

Oil Tankers Go Dark to Exit the Strait of Hormuz

WTI Books Weekly Loss

WTI Books Weekly Loss

Citi explains why oil prices haven’t gone even higher

Citi explains why oil prices haven’t gone even higher

Reuters Survey Shows OPEC Oil Output At 26-Year Low Amid Iran War

Reuters Survey Shows OPEC Oil Output At 26-Year Low Amid Iran War

India has 60 days of crude oil, 60 days of Natural Gas and 45 days of LPG rolling stock: Centre

India has 60 days of crude oil, 60 days of Natural Gas and 45 days of LPG rolling stock: Centre

Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy

Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy

India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say

India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say

Latest Market News Of Energy & Petroleum

Daily Report News

Thermal Coal Eases from 1-Month High

Thermal Coal Eases from 1-Month High

Energy & Petroleum

Hellenic Shipping

Thermal coal futures eased to $130/tonne from a one-month high of $135.6 on May 4th. This followed a slight pullback in Asian and European natural gas prices, affecting power plant feedstock availability.

11

European natural gas prices rise as Middle East diplomacy efforts appear to falter

European natural gas prices rise as Middle East diplomacy efforts appear to falter

Energy & Petroleum

Hellenic Shipping

European natural gas prices rose Monday as Middle East diplomacy efforts faltered, following the U.S. President's rejection of Iran's peace proposal response, impacting energy markets.

97

Europe can explore US jet fuel to ease supply crunch from Middle East war

Europe can explore US jet fuel to ease supply crunch from Middle East war

Energy & Petroleum

Hellenic Shipping

European airlines can access US-grade jet fuel to ease supply crunch from the prolonged Middle East conflict, as per May 8 guidance from international aviation bodies and regulators.

India pushes for reduced use of gasoline, diesel as pressure mounts on refiners

India pushes for reduced use of gasoline, diesel as pressure mounts on refiners

Energy & Petroleum

Hellenic Shipping

India urges reduced gasoline and diesel consumption via remote work and virtual meetings. PM Modi stated on May 10 that surging oil prices are causing huge pressure on foreign exchange outflows, impacting refiners.

1015

Saudi trims Asia crude prices as UAE exit from OPEC intensifies competition

Saudi trims Asia crude prices as UAE exit from OPEC intensifies competition

Energy & Petroleum

Hellenic Shipping

Saudi Arabia cut June crude oil prices for Asia, preemptively responding to potential lower-priced exports from the UAE, which recently left OPEC. This intensifies competition, suggesting further price falls.

Govt revises oil royalty rates to spur domestic output, cut import reliance

Govt revises oil royalty rates to spur domestic output, cut import reliance

Energy & Petroleum

tribuneindia.com

The government revised oil royalty rates to spur domestic output and cut import reliance (85% crude, 50% gas). Concessional rates, including 0% for 7 years in ultra-deep-water, aim to boost exploration and production, especially offshore.

Coal Imports Rise Sharply in March and April 2026 Amid Middle East Energy Disruptions - News and Statistics

Coal Imports Rise Sharply in March and April 2026 Amid Middle East Energy Disruptions - News and Statistics

Energy & Petroleum

Global coal imports surged 27% in March-April 2026, nearing record volumes, due to Middle East energy disruptions. Qatar's LNG plant damage and Strait of Hormuz closure forced South Korea, Japan, and the EU to boost coal purchases, delaying plant retirements.

82

India gold shares fall on Modi comments

India gold shares fall on Modi comments

Energy & Petroleum

kuwaittimes.com

Modi's call to curb gold purchases and fuel use to protect foreign exchange reserves amid rising oil prices caused Indian gold shares to fall 6-9%. Concerns over tariffs and a projected $66-70 billion deficit.

1014

Top 4 Stocks to Benefit as India’s Power Demand Set to Jump 450% in FY27

Top 4 Stocks to Benefit as India’s Power Demand Set to Jump 450% in FY27

Energy & Petroleum

India's power demand is projected to grow 5-5.5% in FY27, driven by rising consumption. This recovery and 50 GW capacity addition will benefit power sector stocks like NTPC, Power Grid, Tata Power, and Adani Power.

Storm wreaks havoc on PSPCL network in Doaba, losses pegged at Rs 92 lakh

Storm wreaks havoc on PSPCL network in Doaba, losses pegged at Rs 92 lakh

Energy & Petroleum

tribuneindia.com

Strong winds caused Rs 92 lakh damage to PSPCL's Doaba network, disrupting power for hours. 53 transformers, 286 poles, and 162 feeders were damaged, with Hoshiarpur worst-hit, facing 10-hour outages.

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