Energy & Petroleum News Today

Pune airfares have surged due to hiked fuel surcharges ahead of festive travel, prompting passenger cancellations, rising from Rs 5,000 to Rs 8,000-10,000 for Bengaluru and raising affordability concerns.

In Q2 FY2026-27, India's electricity generation rose 11% to 536 BU, with peak demand hitting 270 GW. However, declining coal stocks across 85 plants highlight growing supply chain pressures.

In the first nine months of 2026, India added nearly 40 GW of solar and wind capacity, driven by strong growth in Gujarat and Rajasthan, pushing total renewable capacity to 299.2 GW.

Chennai startup Meine Electric validated its iron-air battery technology, signed a pilot with a major power producer targeting deployment by April or May 2027, and secured MoUs for several hundred megawatt-hours.

Europe faces a severe diesel shortage due to supply disruptions from Russia, the Middle East, and China, presenting a major export and refining opportunity for India's massive industry.

Europe faces a severe diesel shortage due to supply disruptions from Russia, the Middle East, and China, presenting a major export and refining opportunity for India's massive industry.

Seasonal weather swings in the Philippines reveal an inverse relationship between solar and hydro power, highlighting the critical need for a balanced energy mix and energy storage systems to ensure grid stability.

US President Trump hypocritically lifted sanctions to import three lakh tonnes of Russian diesel ahead of midterms, contradicting penalties on India and China for buying Russian energy.

India's ₹84,084-crore Samudra Manthan offshore scheme aims to boost deepwater oil drilling to counter falling domestic output and heavy import reliance, funding up to 50% of exploration costs through FY31.

Oil & Natural Gas Corp announced new-well gas in nomination blocks will fetch a 10% premium, raising the price to $7.70/MMBtu. Additionally, ONGC co-founded OPML to unify petrochemical marketing and sales.