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Energy & Petroleum News Today

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Trump Administration Pledges SPR Refill With Bonus Oil Barrels

Trump Administration Pledges SPR Refill With Bonus Oil Barrels

India's Trade Deficit Jumps as Energy Import Prices Soar

India's Trade Deficit Jumps as Energy Import Prices Soar

India Signs LPG and Strategic Oil Reserves Deal with UAE

India Signs LPG and Strategic Oil Reserves Deal with UAE

India braces for more fuel hikes as Iran war forces Modi’s hand

India braces for more fuel hikes as Iran war forces Modi’s hand

EIA forecasts elevated oil prices in the first half of 2026

EIA forecasts elevated oil prices in the first half of 2026

Europe’s oil dependency: The geopolitical premium

Europe’s oil dependency: The geopolitical premium

A Rs 3 hike makes India’s inflation battle somewhat harder

A Rs 3 hike makes India’s inflation battle somewhat harder

India Raises Fuel Prices for the First Time in Four Years

India Raises Fuel Prices for the First Time in Four Years

Oil heads for weekly gain on Hormuz strain amid stalled US-Iran talks

Oil heads for weekly gain on Hormuz strain amid stalled US-Iran talks

India’s crude oil stocks drop 15% amid Iran conflict, raising supply concerns

India’s crude oil stocks drop 15% amid Iran conflict, raising supply concerns

CNG gets costlier by Rs 2 per kg after petrol, diesel price shock

CNG gets costlier by Rs 2 per kg after petrol, diesel price shock

Petrol, diesel rates raised by up to Rs 3 per litre days after PM Modi's 'save' fuel' call

Petrol, diesel rates raised by up to Rs 3 per litre days after PM Modi's 'save' fuel' call

World oil market ‘severely undersupplied,’ to stay in deficit until Q4: IEA

World oil market ‘severely undersupplied,’ to stay in deficit until Q4: IEA

Urals Oil Supported by Hormuz Closure

Urals Oil Supported by Hormuz Closure

India looks to consolidate East Africa economic partnership amid global supply chain shifts

India looks to consolidate East Africa economic partnership amid global supply chain shifts

Why Modi wants Indians to buy less gold and take fewer foreign holidays

Why Modi wants Indians to buy less gold and take fewer foreign holidays

India's Oil Crisis Deepens as Hormuz Remains Shut

India's Oil Crisis Deepens as Hormuz Remains Shut

Trump Boasts ‘We’re Like Pirates’, Seizing Iran’s Ships, as China Challenges US Sanctions

Trump Boasts ‘We’re Like Pirates’, Seizing Iran’s Ships, as China Challenges US Sanctions

Strong case to expand strategic oil capacity

Strong case to expand strategic oil capacity

Dragon-Sickness: How India’s Cultural Fondness of Gold Can Become a Currency Crisis?

Dragon-Sickness: How India’s Cultural Fondness of Gold Can Become a Currency Crisis?

Latest Market News Of Energy & Petroleum

Daily Report News

UK Natural Gas Prices at Over 5-Week High

UK Natural Gas Prices at Over 5-Week High

Energy & Petroleum

Hellenic Shipping

UK natural gas prices surged to a 5-week high of 120 pence per therm. This rise is attributed to ongoing concerns about potential shipping disruptions in the Strait of Hormuz.

Bidding deadline for oil, gas blocks extended to June 19

Bidding deadline for oil, gas blocks extended to June 19

Energy & Petroleum

The Economic Times

India extends bid deadlines for 10th oil/gas exploration and 11th OALP rounds to June 19. This marks the fifth extension for the 10th round, initially launched in Feb 2025.

1015

Petroleum dependence significant across core sectors, official data shows

Petroleum dependence significant across core sectors, official data shows

Energy & Petroleum

The Economic Times

Indian sectors like iron ore (56.7%), mining (56%), and land transport (54.7%) show significant petroleum dependence, making them vulnerable to rising oil prices, which climbed to $100/barrel amid conflict, official data reveals.

Indian state refiners raise retail gasoline, diesel prices as high crude costs bite

Indian state refiners raise retail gasoline, diesel prices as high crude costs bite

Energy & Petroleum

Hellenic Shipping

Indian state refiners raised gasoline and diesel prices by ₹3/liter on May 15 to recover losses from surging global crude costs. This immediate effect aims to offset high crude expenses.

ASIA OIL MOC: Fuel oil, middle distillates trade volumes surge in H2 March, gasoline lags

ASIA OIL MOC: Fuel oil, middle distillates trade volumes surge in H2 March, gasoline lags

Energy & Petroleum

Hellenic Shipping

Asia Platts MOC H2 March 2026 saw fuel oil and middle distillates trade volumes surge with significant year-on-year gains, while gasoline declined.

West Bengal Fuel Costs Impact Urban Transport

West Bengal Fuel Costs Impact Urban Transport

Energy & Petroleum

Rising fuel prices in West Bengal, particularly Kolkata, are increasing transport costs for freight and public mobility, impacting logistics, construction, and potentially consumer prices for essential goods.

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India Ferrite Industry Growth 2026: EVs, Solar, and Supply Chain Dynamics - News and Statistics

India Ferrite Industry Growth 2026: EVs, Solar, and Supply Chain Dynamics - News and Statistics

Energy & Petroleum

India's ferrite sector is booming, driven by EVs, solar, and electronics. Global demand is projected to hit $12.65B by 2035, with India's market reaching 74,840 tons by 2033. Domestic production is expanding, supported by $12.96B in investment proposals.

Future of sugar industries not so bright; sugar mill owners should get into energy generation for revenue

Future of sugar industries not so bright; sugar mill owners should get into energy generation for revenue

Energy & Petroleum

timesofindia.indiatimes.com

Nitin Gadkari urged sugar mill owners to diversify into energy generation, including ethanol, isobutanol, and green hydrogen, warning of a bleak future otherwise. He highlighted ethanol sales as crucial for current revenue.

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Global Turbulence Drives India's Fuel Price Surge

Global Turbulence Drives India's Fuel Price Surge

Energy & Petroleum

devdiscourse.com

Global turbulence, US-Israel-Iran tensions, and supply disruptions caused India's Rs 3 fuel price surge, says Minister Reddy. PM Modi engaged 40+ countries for stability amidst worldwide economic crisis.

CAQM mandates electric 3-wheelers, tightens fuel rules in Delhi-NCR

CAQM mandates electric 3-wheelers, tightens fuel rules in Delhi-NCR

Energy & Petroleum

newsable.asianetnews.com

CAQM mandates electric 3-wheelers in Delhi-NCR from 2027 and stops fuel supply to vehicles without valid PUCC from October 2026, enforced by ANPR. This aims to curb pollution. GRAP Se-I was also revoked due to improved air quality.

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