Energy & Petroleum News Today

EIA data shows natural gas inventories rose by 53 billion cubic feet last week, surpassing the forecasted 50 billion cubic feet increase and impacting energy markets.

In August, Asian naphtha deliverable volume surged 43% month-on-month to reach 250,000 metric tons, reflecting strong trading performance in the physical market process.

Uttarakhand faces a 350 MW power deficit during peak hours due to a 170 MW drop in hydro generation, reduced central supply, and technical issues at the Tehri plant, causing controlled outages.

Despite record July heat and rising electricity demand, U.S. natural gas prices fell 6% to $2.93/MMBtu, driven by surging solar, wind generation, and record production keeping markets well supplied.

Turkmen exchange quotations increased by 6 percent, driven by a notable gain in petrochemical sectors according to recent market updates.

NTPC and EDF Power Solutions signed a 50:50 joint venture to develop low carbon energy projects, hydro power, and pumped storage initiatives across India and neighboring countries, supporting 100GW capacity goals.

Depleting coal stocks highlight India's reliance on fossil fuels as peak demand hits 270 GW. Despite a 2030 clean energy target of 500 GW, coal capacity is planned to rise to 315 GW by 2035.

Despite oil prices sliding with WTI at $93.52 and Brent at $105.80 a barrel, ongoing Strait of Hormuz disruptions and geopolitical risks continue to threaten global energy networks and urban economies.

India's Ministry updated GHG emission intensity targets for 21 refineries under the CCTS for FY2025-26 and FY2026-27, enforcing a progressively tighter compliance trajectory based on baseline operational data.

Atul Feeds integrated a 550 kW rooftop solar system in Solapur, generating 480,000 units annually, saving ?5 million, and resolving power fluctuation issues for improved manufacturing efficiency.