Energy & Petroleum News Today

Opec+ October oil output rebounded by 2.04 million barrels per day to 41.23 million barrels, driven largely by Saudi Arabia, while geopolitical tensions in West Asia kept crude markets volatile.

The 12.75-km Aroor-Thuravoor elevated highway has crossed 94% progress, entering its final phase with the installation of expansion joints, sound barriers, and solar lighting alongside ongoing paving work.

India's net-zero transition by 2070 requires scaling power generation to 19,362 TWh, backed by USD 8 trillion in investments, focusing on storage, transmission, and grid flexibility beyond renewable capacity.

Eternal is reassessing its 2030 100% EV fleet target due to rapid business growth to 12 lakh riders across 900 cities, scaling challenges, and diverse vehicle needs, despite remaining committed.

JSW Group Chairman Sajjan Jindal praised the Centre's mandate making EVs default for central staff cars, aiding energy security. The policy sets a Rs 20 lakh price ceiling alongside the PM E-DRIVE scheme.

Three power distribution utility employees were detained by the Anti-Corruption Bureau in Jalgaon after allegedly accepting a ₹15,000 bribe to avoid filing an electricity theft case.

India and the UAE are expanding their energy partnership, proposing a deal for India to store emergency oil in Fujairah and ADNOC to store up to 30 million barrels in India.

India committed Rs. 37,500 crore to coal gasification projects, aiming to achieve 100 million tonnes capacity by 2030 to reduce import dependence on fuels, fertilisers, and industrial chemicals.

TNPDCL has floated a tender for 3,000 MW of power over five years to counter surging electricity demand and high short-term costs, aiming to secure lower-priced energy agreements.

India's coal supply is projected to shift from a 195 MT deficit in fiscal 2025 to a 98 MT surplus by fiscal 2036, driven by rising production from Coal India and commercial blocks.