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Energy & Petroleum News Today

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Why UPPCL sold power at Rs 3.77 and bought at Rs 6.52? Utility explains market dynamics

Why UPPCL sold power at Rs 3.77 and bought at Rs 6.52? Utility explains market dynamics

An audit found UPPCL sold 6,060 MUs at Rs 3.77/unit but bought 1,619 MUs at Rs 6.52/unit in 2025-26, prompting concerns. UPPCL cites market dynamics, while a consumer body seeks review and reforms.
India's private nuclear energy players warned over rushing into sector

India's private nuclear energy players warned over rushing into sector

India's nuclear industry veterans caution private firms like Adani and Tata against rushing into the sector. The nation targets 100 GW by 2047, up from 8 GW, emphasizing safety, trust, and talent development.
Why Tata’s Nexon EV Max quietly makes everyday electric driving easier

Why Tata’s Nexon EV Max quietly makes everyday electric driving easier

The Tata Nexon EV Max offers a practical 250-300 km real-world range from its 40.5 kWh battery, priced at ₹16-20 lakh. Despite minor tech lags, its usable range and features make it a relaxed daily electric companion for Indian urban drivers.
US Natgas Prices Edge Up

US Natgas Prices Edge Up

US natural gas prices edged up to $3.16 per MMBtu following an EIA report indicating a smaller-than-anticipated storage increase. This rise reflects market reaction to supply-demand dynamics.
TruAlt Bioenergy secures ₹150 crore support under PM JI-VAN for 10 crore-litre SAF project

TruAlt Bioenergy secures ₹150 crore support under PM JI-VAN for 10 crore-litre SAF project

TruAlt Bioenergy secured ₹150 crore under PM JI-VAN for a 10 crore-litre annual Sustainable Aviation Fuel project. This boosts India's energy transition, decarbonisation, and domestic SAF production, aligning with 2027-2030 blending targets.
How Iran war is challenging and changing Europe’s gas market

How Iran war is challenging and changing Europe’s gas market

The Iran war, ongoing for nearly four months, has caused unprecedented disruptions, challenging and changing Europe's gas market. It reveals both vulnerability and resilience in global commodity markets.
Royalty reset: Deal, no deal? | Business Standard - newspaper

Royalty reset: Deal, no deal? | Business Standard - newspaper

The government cut oil and gas royalty rates (e.g., onshore crude from 16.66% to 10%) and exempted deepwater projects for 7 years. This aims to boost exploration, increase production, and reduce India's $123 billion energy import bill.
Algeria makes progress with energy projects to support its middle power status

Algeria makes progress with energy projects to support its middle power status

Algeria's energy sector is thriving, with natural gas sales reaching their highest in months. A new licensing round and progress on international projects are significantly boosting the nation's hydrocarbons-dependent economy.
BEML bags Dun and Bradstreet atmanirbharta award for BH35 Electric Dump truck

BEML bags Dun and Bradstreet atmanirbharta award for BH35 Electric Dump truck

BEML received the Atmanirbharta Award at the 18th Dun & Bradstreet India PSUs & Government Summit for its BH35 Electric Dump Truck. This first-of-its-kind indigenous vehicle marks a major technological leap for India's mining sector, promoting sustainability and ESG goals.
Government may lift fuel-supply safeguards once West Asia crisis abates: Official

Government may lift fuel-supply safeguards once West Asia crisis abates: Official

India may ease fuel safeguards as West Asia crisis abates, following a US-Iran pact. This could stabilize global energy markets, benefiting India, the 3rd largest oil importer. Oil prices fell to $78/barrel from $119.

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