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Energy & Petroleum News Today

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OPINION | The expanding arc of collateral damage to the Indian economy

OPINION | The expanding arc of collateral damage to the Indian economy

China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge

China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge

China Still Cautious on Fuel Shipments Despite Eased Export Rules

China Still Cautious on Fuel Shipments Despite Eased Export Rules

India's Wholesale Inflation Hits 3.5-Year High as Fuel Costs Surge 25%

India's Wholesale Inflation Hits 3.5-Year High as Fuel Costs Surge 25%

India Pushes U.S. to Extend Russian Oil Waiver as Imports Hit Record High

India Pushes U.S. to Extend Russian Oil Waiver as Imports Hit Record High

Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers

Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers

Russia’s crude oil output drops 460,000 bpd in April: IEA

Russia’s crude oil output drops 460,000 bpd in April: IEA

The Commodities Feed: Oil market in wait-and-see mode ahead of Trump-Xi meeting

The Commodities Feed: Oil market in wait-and-see mode ahead of Trump-Xi meeting

Cuba Runs Out of Diesel and Fuel Oil as Blackouts Worsen

Cuba Runs Out of Diesel and Fuel Oil as Blackouts Worsen

Japan-Bound Oil Tanker Clears Strait of Hormuz Amid Iranian Crackdown

Japan-Bound Oil Tanker Clears Strait of Hormuz Amid Iranian Crackdown

India asks US for Russian waiver extension as Iran war drags on

India asks US for Russian waiver extension as Iran war drags on

OPEC cuts 2026 oil demand growth forecast

OPEC cuts 2026 oil demand growth forecast

Oil prices ease with investors eyeing Trump-Xi talks, Hormuz risks

Oil prices ease with investors eyeing Trump-Xi talks, Hormuz risks

COMMODITY TRACKER: 5 chart to watch this week

COMMODITY TRACKER: 5 chart to watch this week

IEA: Global oil stocks deplete at record pace as supply losses mount

IEA: Global oil stocks deplete at record pace as supply losses mount

Hormuz shutdown deepens oil crisis; IEA warns of record inventory drop, demand plunge

Hormuz shutdown deepens oil crisis; IEA warns of record inventory drop, demand plunge

Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes

Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes

Ottawa and Alberta Push New 1 Million Bpd Oil Pipeline

Ottawa and Alberta Push New 1 Million Bpd Oil Pipeline

Japan’s Oil-Linked Costs Are Hitting Store Shelves Faster

Japan’s Oil-Linked Costs Are Hitting Store Shelves Faster

OPEC slashes 2026 oil demand growth forecast on OECD weakness

OPEC slashes 2026 oil demand growth forecast on OECD weakness

Latest Market News Of Energy & Petroleum

Daily Report News

New Era Cleantech Emerges as Key Player in India’s Coal Gasification Push with $3 Billion Maharashtra Project

New Era Cleantech Emerges as Key Player in India’s Coal Gasification Push with $3 Billion Maharashtra Project

Energy & Petroleum

dailypioneer.com

New Era Cleantech leads India's coal gasification with a $3 billion Maharashtra project, backed by Rs 37,500 crore government support and Rs 1,100 crore VGF. It aims to convert coal into fuels/chemicals, reducing Rs 1.5 lakh crore annual imports.

68

European natural gas prices rise with key Trump-Xi meeting in focus

European natural gas prices rise with key Trump-Xi meeting in focus

Energy & Petroleum

Hellenic Shipping

European natural gas prices rose on Thursday, as markets awaited signals regarding the Iran war from a key meeting between U.S. President Donald Trump and Chinese counterpart Xi Jinping.

Rajasthan petrol pumps say OMCs cutting supplies

Rajasthan petrol pumps say OMCs cutting supplies

Energy & Petroleum

The Economic Times

Rajasthan petrol pumps allege OMCs are cutting fuel supplies and imposing informal sales limits, warning of potential law and order issues at stations due to restricted sales.

56

Iran war drives Russian oil windfall as Urals crude hits highest level since 2023

Iran war drives Russian oil windfall as Urals crude hits highest level since 2023

Energy & Petroleum

The Economic Times

Russia's Urals crude hit $94.87/barrel, highest since Oct 2023, boosting its budget by 18% monthly and 60% yearly. This oil windfall, driven by Middle East tensions, supports Russia's economy and rainy-day fund.

1213

Oil prices waver as markets assess key Trump-Xi meeting in China

Oil prices waver as markets assess key Trump-Xi meeting in China

Energy & Petroleum

Hellenic Shipping

Oil prices faltered Thursday as markets awaited announcements regarding the Iran war from a high-stakes summit between U.S. and China leaders.

73

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

Energy & Petroleum

economictimes.indiatimes.com

Nationwide fuel prices rose by up to Rs 3 per litre. In Delhi, petrol is Rs 97.77 and diesel Rs 90.67. This hike, driven by global crude oil volatility, impacts household budgets and transport costs.

127

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

Energy & Petroleum

The Economic Times

CNG prices hiked by Rs 2/kg to Rs 84/kg in Mumbai, after petrol and diesel rose by Rs 3/litre. Delhi's diesel is Rs 90.67/litre, petrol Rs 97.77/litre, due to global oil rate increases.

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

Energy & Petroleum

orinocotribune.com

Trump boasted US acts 'like pirates' seizing Iranian oil, causing a global oil crisis. China ordered firms to ignore US sanctions, which have caused 564,258 annual deaths and fueled conflict.

81

Kashi ranks 10th in solar rooftop installation

Kashi ranks 10th in solar rooftop installation

Energy & Petroleum

timesofindia.indiatimes.com

Varanasi ranks 10th nationally in solar rooftop installations, with 39,018 plants and 1.32 lakh KW capacity. The scheme generated Rs 144.65 crore annual savings, reduced 1.58 lakh tonnes CO2, and created 3.3 lakh jobs.

104

What Built the Canada–U.S. Relationship

What Built the Canada–U.S. Relationship

Energy & Petroleum

The Canada-U.S. relationship is built on need, geography, and resources. Energy and environmental diplomacy, shared infrastructure, and resources are key. Canada supplied over 50% of U.S. crude oil and 99% of natural gas imports.

17

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EX - Pithampur

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VG30 Drum

EX - Mundra

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VG30 Bulk

EX - Mathura

Imported

Bitumen

VG30 Bulk

EX - Karwar

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