Energy & Petroleum News Today

China defied US sanctions on Iranian oil, ordering refineries to ignore them. As Iran's top buyer (90-91%), China uses legal tools to protect energy security, rejecting US "long-arm jurisdiction" in escalating energy geopolitics.

Praana Group acquired Multi-Chem, now Sterling MultiChem, strengthening its specialty chemicals platform and expanding energy-sector capabilities. This strategic move enhances support for oil and gas operators with high-performance solutions and expands geographic reach.

Iran's oil storage (30-35 million barrels) is nearing capacity this week, forcing well shutdowns and long-term production damage. This economic pressure on the IRGC could be a tipping point in the Iran war, potentially leading to policy changes.

First India-bound LPG tanker, MT Sarv Shakti, cleared the Strait of Hormuz since the U.S. blockade began mid-April. Chartered by IOC, it will ease India's LPG supply crisis, affecting 60% of households, and is expected May 13.

Coal India arm SECL increased dry-fuel supply to the power sector by 8.2% to 12.49 MT in April, ensuring steady thermal plant operations. The company also saw significant growth in coal production and offtake for fiscal 2026-27.

Neglecting AC maintenance poses fire risks, highlighted by the Vivek Vihar incident. Regular servicing, quality parts, wiring checks, and cleaning filters are crucial (monthly/quarterly) to prevent faults, overheating, and gas leaks, ensuring home safety.

Base oil prices today have surged globally due to crude oil rally and severe supply disruptions caused by geopolitical tensions. Limited spot availability and reduced refinery output are tightening the market. In India, prices remain elevated, with strong automotive demand but constrained supply driving cautious procurement and bullish near-term outlook.

Tata Power will invest ₹6,500 crore to build a 10 GW solar ingot and wafer manufacturing facility in Nellore, Andhra Pradesh. This strategic move aims for vertical integration, reducing import reliance, and strengthening India's renewable energy value chain.

Tata Curvv EV SeriesX launched from ₹16.99 lakh, offering 502 km ARAI range and 167 HP. Built on acti.ev platform, it includes Accomplished X 55 and Empowered X 55 variants, strengthening Tata's electric SUV market position.

India signed 4 commercial coal mining agreements, first with UCG provisions, attracting INR482.31 billion investment. This enables in-situ gasification, utilizing unworkable seams, reducing import dependency for fertilizers and fuels.