Energy & Petroleum News Today

Ineos is idling Europe's last world-scale chemical plants in Hull, impacting 4,000 jobs, as soaring European gas prices reach 12 times US levels and 8 times Chinese levels, undermining competitiveness.

JSW Group launched AMPSTAR, investing ₹2,500 crore for a 15,000-unit annual EV plant in Maharashtra, targeting commercial electric buses and heavy-duty trucks to capture India's growing market.

Kerala is reconsidering nuclear power, proposing a plant in Cheemeni with 220MW units to bridge its widening electricity shortfall, despite facing historical political opposition and public resistance.

JSW Group Chairman Sajjan Jindal stated that battery cells are the new oil for India's EV shift. JSW Greentech launched Ampstar, showcasing a 55-tonne electric tractor-trailer and bus, while developing indigenous cell technology.

JSW Group launched EV brand Ampstar, aiming to localize battery cell technology within two years to secure India's energy future, despite currently importing cells for its electric trucks and buses.

India and Norway held their 12th Joint Working Group meeting in Oslo, reaffirming their commitment to environmental and climate cooperation under the Green Strategic Partnership, focusing on circular economy and marine pollution.

India's public EV charging consumption is projected to exceed 2,500 million units by FY27, growing significantly from 1,558 million units in FY26 due to expanding infrastructure and rising fleet electrification.

PETROAN urges the Nigerian government to urgently restart state-owned refineries to ease rising fuel prices and boost domestic supply, despite $25 billion spent on past rehabilitation.

India's thermal power sector faces a severe coal inventory squeeze, with nearly a third of plants having critically low fuel stocks due to logistics bottlenecks, monsoon disruptions, and surging El Nino-driven cooling demand.

French day-ahead power prices surged 25% to 53.75 euros/MWh due to dropped wind and hydro output, alongside rising demand from colder temperatures and the European energy crisis.