Energy & Petroleum News Today

The Union Cabinet approved a Rs 2,814 crore scheme to build domestic lithium and nickel processing facilities, offering capital subsidies up to 30% to reduce import dependence by FY31.

European wholesale natural gas prices increased due to geopolitical uncertainty following the U.S. midterm elections and an unresolved diplomatic stalemate concerning the Strait of Hormuz.

EIA data shows crude oil inventories decreased by 0.865 million barrels, falling short of the forecasted 1.700 million decline, indicating lower-than-projected market demand.

India is advancing policy reforms to attract greater foreign direct investment and deepen international collaboration across its oil and gas sector, aiming to make the industry more investor-friendly.

Kerala petroleum dealers representing 2,000 outlets seek periodic commission revisions, fuel evaporation relief, a Pump Protection Act, and viability studies for new stations amid rising operational costs.

MRPL's Russian crude sourcing reached 32% in Q2FY27. Despite a recent fire incident causing a provisional loss of ₹118.76 crore, third-quarter throughput is expected to remain stable.

The Union Cabinet has approved a 2,814 crore ($297 million) incentive policy to boost the processing of critical minerals, aiming to enhance the industrial sector.

The Gujarat Congress has demanded a uniform state gas pricing policy and measurement standards, highlighting price variations up to ?126 for piped natural gas across different cities and suppliers.

Transrail reported that international work forms 38% of its Rs 14,218 crore un-executed order book across 64 countries, alongside Rs 1,747 crore of new orders declared in October 2026.

India reduced its coking coal import dependence on Australia to 54% in 2025 from 73% in 2019 by diversifying sources to the US, Russia, Mozambique, and Indonesia, boosting supply chain resilience.