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Energy & Petroleum News Today

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Russia takes advantage of expanding oil and gas market

Russia takes advantage of expanding oil and gas market

Russia is expanding its oil and gas market amid the Iran conflict and fuel crisis. It will supply Indonesia with 150 million barrels by year-end, Japan, and increased EU LNG imports in Q1 2026, capitalizing on global supply shortages.
Japanese reselling of Australian LNG undercuts energy security claims

Japanese reselling of Australian LNG undercuts energy security claims

Japanese PM Takaichi's visit to Australia will address domestic gas policy. Australia plans a new gas reservation scheme and tax changes on exports, which Japan opposes, especially given Japanese reselling of Australian LNG.
Russia’s Urals crude rebounds above $100 per barrel

Russia’s Urals crude rebounds above $100 per barrel

Russia's Urals crude prices at western ports rebounded above $100 per barrel on Wednesday, fueled by stronger Brent prices, according to traders' data.
US oil and gas rigs rise for second straight week to early April high

US oil and gas rigs rise for second straight week to early April high

US energy companies increased oil and natural gas rigs for the second straight week, marking the first back-to-back rise since mid-March, according to Baker Hughes data released Friday.
Power demand dips by 5,500 MW in Punjab

Power demand dips by 5,500 MW in Punjab

Punjab's power demand dipped by 5,500 MW to below 5,000 MW due to rain, easing pressure on PSPCL. Some outages occurred from snapped cables, but supply is mostly restored, with thermal units at half load.
India raises cooking gas, jet fuel prices

India raises cooking gas, jet fuel prices

India hiked commercial LPG prices by 993 rupees (48% for 19kg cylinder) and jet fuel by 5% due to Iran war supply pressures. This impacts restaurants and international airlines, as India relies heavily on imported energy.
Green Signal for Ramagundam Mega Coal Project

Green Signal for Ramagundam Mega Coal Project

SCCL's Ramagundam Mega Coal Project received preliminary environmental clearance. With ₹2,194 crore investment, it targets 21 million tonnes annual production from 314.98 million tonnes reserves, creating 5,500 jobs and extending operations by 25 years.
Power pivot, energy alliances fracture, winners emerge

Power pivot, energy alliances fracture, winners emerge

Global energy power shifts from OPEC to diversified supply. India strategically adapts via alliances, local currency trade, and supply decentralization, aiming to cushion impacts despite crude surges ($110-115) and potential fuel price hikes.
Heavy rain, landslides severely damage power infrastructure in Arunachal’s Khonsa

Heavy rain, landslides severely damage power infrastructure in Arunachal’s Khonsa

Heavy rains and landslides severely damaged 33 kV and 11 kV power lines in Khonsa, Arunachal Pradesh, disrupting electricity. Restoration efforts are hampered by continuous rain, with power expected in 3-4 days.
Carbon neutrality is no easy promise to keep

Carbon neutrality is no easy promise to keep

Korea's economy faces shock, accelerating energy transition to 100 GW solar/wind by 2030. Article argues carbon isn't evil, vital for life and civilization, urging sustainable use of atmospheric CO2 as a resource.

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