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Energy & Petroleum News Today

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Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade

Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade

Japan Crude Imports Fell 66% in April

Japan Crude Imports Fell 66% in April

Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal

Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal

Saudi Arabia Expected to Slash Oil Prices Again

Saudi Arabia Expected to Slash Oil Prices Again

Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources say

Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources say

China’s Export Prices Jump as Oil Shock Hits Factory Costs

China’s Export Prices Jump as Oil Shock Hits Factory Costs

Crude oil inventories fall less than forecasted, pressuring prices

Crude oil inventories fall less than forecasted, pressuring prices

The Commodities Feed: Ceasefire optimism weighs on energy markets

The Commodities Feed: Ceasefire optimism weighs on energy markets

Oil prices on pace for sharp weekly declines on U.S.-Iran ceasefire deal prospects

Oil prices on pace for sharp weekly declines on U.S.-Iran ceasefire deal prospects

Reliance Industries flags 'extreme volatility' risks from West Asia crisis

Reliance Industries flags 'extreme volatility' risks from West Asia crisis

Navigating Economic Turmoil: India's Strategic Gold Shift

Navigating Economic Turmoil: India's Strategic Gold Shift

Bank, OMC shares to remain in focus on Friday as crude rises after fresh US strikes in Iran

Bank, OMC shares to remain in focus on Friday as crude rises after fresh US strikes in Iran

Kartikey Hariyani, CEO at ChargeZone

Kartikey Hariyani, CEO at ChargeZone

West Asia Crisis May Soon Make Everyday Goods Costlier in India: Crisil

West Asia Crisis May Soon Make Everyday Goods Costlier in India: Crisil

Three Oil and Two Gas Carriers Clear Hormuz

Three Oil and Two Gas Carriers Clear Hormuz

World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA

World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA

Bernstein Sets Long-Term Oil Price Target At $75 Per Barrel

Bernstein Sets Long-Term Oil Price Target At $75 Per Barrel

Oil inventories fall less than expected, impacting crude prices

Oil inventories fall less than expected, impacting crude prices

Europe’s Energy Crisis Was Not Solved, Only Moved

Europe’s Energy Crisis Was Not Solved, Only Moved

Latest Market News Of Energy & Petroleum

Daily Report News

Coal Surges After Deadly Mine Blast in China

Coal Surges After Deadly Mine Blast in China

Energy & Petroleum

Hellenic Shipping

Thermal coal futures surged above $137 per ton, a seven-week high, after a deadly gas explosion at a Chinese mine prompted production suspensions and intensified safety inspections in the largest coal-producing region.

124

Middle East conflict disrupts major metals and mining markets, threatening global supply and prices

Middle East conflict disrupts major metals and mining markets, threatening global supply and prices

Energy & Petroleum

Hellenic Shipping

The Middle East conflict, escalating early 2026, is disrupting global metals and mining supply chains. Strait of Hormuz closure and regional processing damage cause widespread market and cost impacts, threatening global supply and prices.

1215

Natural gas storage report shows lower-than-expected build

Natural gas storage report shows lower-than-expected build

Energy & Petroleum

Hellenic Shipping

Natural gas storage increased by 92 Bcf, below the 96 Bcf forecast. This build is less than the prior week's 101 Bcf, showing a lower-than-expected inventory accumulation rate.

1010

Oil prices on pace for sharp weekly declines on U.S.-Iran ceasefire deal prospects

Oil prices on pace for sharp weekly declines on U.S.-Iran ceasefire deal prospects

Energy & Petroleum

Hellenic Shipping

Oil prices edged lower on Friday, set for weekly declines, as investors weighed progress in diplomatic efforts for a US-Iran peace deal.

Here’s why Brent crude oil price may drop below $60 soon

Here’s why Brent crude oil price may drop below $60 soon

Energy & Petroleum

Hellenic Shipping

Brent crude oil price dropped for three days, hitting its lowest since April 7. Plunging from $114 (May 4) to $91, it may fall below $60 soon, amid a US-Iran deal.

111

Storm Batters Bihar, Causes Power Outages and Infrastructure Damage

Storm Batters Bihar, Causes Power Outages and Infrastructure Damage

Energy & Petroleum

timesofindia.indiatimes.com

Bihar experienced a storm with 107 kmph winds and heavy rain, causing power outages and infrastructure damage. Temperatures dropped from 40°C to 26.2°C, but will rise above 40°C from June 2. Power was largely restored.

15

Clean Energy at What Cost?

Clean Energy at What Cost?

Energy & Petroleum

millenniumpost.in

India's floating solar push for 500 GW by 2030 faces environmental risks. Projects like Omkareshwar (600 MW) could increase methane emissions, deplete oxygen, harm biodiversity, and displace communities without proper safeguards and EIA.

Global coal investment reaches 14-year high

Global coal investment reaches 14-year high

Energy & Petroleum

Global coal investment hits a 14-year high of $180 billion in 2026, up 4%, driven by energy security. China leads with 70%, while India invests $4 billion in coal gasification by 2030, embracing cleaner technologies.

86

Is standalone solar losing its edge in India?

Is standalone solar losing its edge in India?

Energy & Petroleum

India's solar market prioritizes dispatchability, mandating 10% storage in new tenders. Standalone solar's capture rate fell to INR2.23/kWh (FY26). Hybrid models address intermittency and execution challenges for 274.68GW renewables.

LPG gas big update: Is government introducing new rules from June 1? Major changes expected for Indane Gas, B

LPG gas big update: Is government introducing new rules from June 1? Major changes expected for Indane Gas, B

Energy & Petroleum

Major LPG gas changes are expected from June 1, 2026, including potential price hikes, revised refill lock-in periods, and a 30-day deadline to terminate LPG connections after obtaining PNG, impacting Indane, Bharat, and HP Gas users.

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