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Energy & Petroleum News Today

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Iran war pushes subsidy demand to Tk1.20 lakh crore in FY27

Iran war pushes subsidy demand to Tk1.20 lakh crore in FY27

India Lags On Biogas, Hydrogen Targets Amid Supply Crunch

India Lags On Biogas, Hydrogen Targets Amid Supply Crunch

Analysis: China’s CO2 climbs 2% in early 2026 due to ‘wasted’ wind and solar

Analysis: China’s CO2 climbs 2% in early 2026 due to ‘wasted’ wind and solar

U.S. Oil Shocks Don't Hit Like They Used To, Fed Study Finds

U.S. Oil Shocks Don't Hit Like They Used To, Fed Study Finds

Kuwait oil output to reach 70% capacity in 6-8 weeks after Hormuz reopens

Kuwait oil output to reach 70% capacity in 6-8 weeks after Hormuz reopens

Russia Admits Oil Output Is Falling as Ukrainian Drone Strikes Hits Refineries

Russia Admits Oil Output Is Falling as Ukrainian Drone Strikes Hits Refineries

South Korea Boosts Jet Fuel Exports to Nine-Month High

South Korea Boosts Jet Fuel Exports to Nine-Month High

Iran Says 'No Tangible Progress' in Talks with U.S.

Iran Says 'No Tangible Progress' in Talks with U.S.

India’s Nayara Completes Maintenance at 400,000-Bpd Refinery

India’s Nayara Completes Maintenance at 400,000-Bpd Refinery

Crude Oil Inventories Drop Sharply, Exceeding Expectations

Crude Oil Inventories Drop Sharply, Exceeding Expectations

The Commodities Feed: Dwindling oil inventories leave market increasingly vulnerable

The Commodities Feed: Dwindling oil inventories leave market increasingly vulnerable

Iraq may demand higher OPEC quota, but unlikely to quit

Iraq may demand higher OPEC quota, but unlikely to quit

Iraq Revives Kurdistan Production in Bid to Rescue Oil Revenues

Iraq Revives Kurdistan Production in Bid to Rescue Oil Revenues

Petrol, diesel price hikes in India remain 'very minor' compared with global peers: Hardeep Singh Puri

Petrol, diesel price hikes in India remain 'very minor' compared with global peers: Hardeep Singh Puri

Coking Coal Competitive Landscape Under Energy Crisis

Coking Coal Competitive Landscape Under Energy Crisis

Oil demand shows first sign of contraction as emergency buffers fade: analysts

Oil demand shows first sign of contraction as emergency buffers fade: analysts

Global Oil Supply Shock and Its Impacts on ASEAN Energy-Economy

Global Oil Supply Shock and Its Impacts on ASEAN Energy-Economy

Petrovietnam turns to middleman Vitol Asia for crude oil requirements

Petrovietnam turns to middleman Vitol Asia for crude oil requirements

Venezuela can be key partner in India's energy security; can offer opportunities in minerals: Former Envoy on acting Prez's visit

Venezuela can be key partner in India's energy security; can offer opportunities in minerals: Former Envoy on acting Prez's visit

Kamal Davar | Early Takeaways for India From the Disruption Due to West Asia War

Kamal Davar | Early Takeaways for India From the Disruption Due to West Asia War

Latest Market News Of Energy & Petroleum

Daily Report News

European natural gas prices slip after Israel, Lebanon agree to fragile ceasefire

European natural gas prices slip after Israel, Lebanon agree to fragile ceasefire

Energy & Petroleum

Hellenic Shipping

European natural gas prices declined significantly on Thursday, following a retreat in crude costs, as a fragile ceasefire between Israel and Lebanon eased Middle East tensions.

126

India approves fund to shield refiners, airlines from surging jet fuel costs

India approves fund to shield refiners, airlines from surging jet fuel costs

Energy & Petroleum

Hellenic Shipping

India approved a ₹100 billion ($1.04 billion) fund to support oil marketing companies, shielding refiners and airlines from surging jet fuel costs. This one-time financial aid aims to keep prices affordable, reducing the burden on passengers and carriers.

Russia’s oil and gas revenue climbs 32% in May on price rally

Russia’s oil and gas revenue climbs 32% in May on price rally

Energy & Petroleum

Hellenic Shipping

Russia's oil and gas revenue surged 32.4% year-on-year in May, reaching 678.9 billion roubles ($9.3 billion). This increase was driven by a global oil price rally amidst ongoing conflict.

57

US crude oil inventories drop 8 million barrels, EIA reports

US crude oil inventories drop 8 million barrels, EIA reports

Energy & Petroleum

Hellenic Shipping

US crude oil inventories fell by 8 million barrels to 433.7 million barrels by May 29, surpassing analyst forecasts of a 4 million-barrel reduction, the EIA reported.

32

Charting India’s renewable future

Charting India’s renewable future

Energy & Petroleum

India's solar capacity surged from 2.8 GW in 2014 to 154.24 GW by April 2026, driving its clean energy transition. Total renewable capacity reached 279.25 GW, marking a significant infrastructure achievement.

58

NTPC JV for Chhabra plant not properly thought through: Min

NTPC JV for Chhabra plant not properly thought through: Min

Energy & Petroleum

timesofindia.indiatimes.com

Rajasthan reversed NTPC JV for Chhabra plant, citing improved efficiency. It plans 5,000MW solar under Kusum 2.0 and 12,000MWh storage, while debating 3,200MW coal power, despite existing capacity.

106

Venezuelan Oil and Sai Baba Shape India’s New Power Play

Venezuelan Oil and Sai Baba Shape India’s New Power Play

Energy & Petroleum

latinamericanpost.com

Venezuelan interim president Delcy Rodriguez visited India for oil deals, seeking customers and legitimacy. India needs crude beyond Hormuz, with Venezuela supplying 417,000 bpd, boosting India's 5 million bpd imports. Her Sai Baba devotion also featured.

India’s first underground coal gasification project set for commercial launch soon

India’s first underground coal gasification project set for commercial launch soon

Energy & Petroleum

thestatesman.com

India's first underground coal gasification project by ECL nears commercial launch by September after a 3-month trial. This sustainable energy boost also sees a Rs 13,052.8 crore surface gasification project planned.

96

PET Market Tightens as Stocks Shrink Amid ADD Speculation and Rising Crude

PET Market Tightens as Stocks Shrink Amid ADD Speculation and Rising Crude

Energy & Petroleum

PET market tightens due to shrinking stocks, limited imports, and ADD speculation. Rising crude near $98/bbl and a stronger dollar at 97 add cost pressure, potentially leading to firmer pricing.

88

China, India, and the Emerging Green Divide - The Diplomat – Asia

China, India, and the Emerging Green Divide - The Diplomat – Asia

Energy & Petroleum

thediplomat.com

The China-India clean-tech rivalry accelerates global green transition via expanded capacity and reduced costs, yet simultaneously fragments supply chains and creates geopolitical barriers, leading to an unstable, interconnected system.

84

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